PKO Investment Management Joint Stock Co Sells 4,491 Shares of Wheaton Precious Metals Corp. $WPM

PKO Investment Management Joint Stock Co trimmed its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 133,400 shares of the company’s stock after selling 4,491 shares during the period. Wheaton Precious Metals comprises about 1.5% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 15th largest holding. PKO Investment Management Joint Stock Co’s holdings in Wheaton Precious Metals were worth $17,473,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Wheaton Precious Metals by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock valued at $2,242,969,000 after purchasing an additional 289,939 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Wheaton Precious Metals by 10.7% in the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after purchasing an additional 1,402,092 shares during the last quarter. Capital International Investors boosted its holdings in Wheaton Precious Metals by 1.2% in the fourth quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock worth $892,650,000 after purchasing an additional 93,599 shares during the last quarter. Norges Bank bought a new stake in Wheaton Precious Metals in the 4th quarter worth approximately $864,977,000. Finally, TD Asset Management Inc grew its position in Wheaton Precious Metals by 0.5% in the 4th quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after purchasing an additional 33,221 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Down 0.7%

Shares of WPM stock opened at $121.72 on Tuesday. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The stock has a market cap of $55.27 billion, a P/E ratio of 30.74, a P/E/G ratio of 2.31 and a beta of 0.51. The company has a 50 day simple moving average of $131.26 and a two-hundred day simple moving average of $132.66.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The business had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue was up 91.7% compared to the same quarter last year. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.99 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Analyst Upgrades and Downgrades

WPM has been the topic of several research analyst reports. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target on the stock. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Friday, March 27th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen upped their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Finally, Scotiabank increased their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Thirteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.64.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.