Autumn Glory Partners LLC Invests $485,000 in Wheaton Precious Metals Corp. $WPM

Autumn Glory Partners LLC purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 5,400 shares of the company’s stock, valued at approximately $485,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WPM. Canada Pension Plan Investment Board lifted its stake in shares of Wheaton Precious Metals by 57.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company’s stock worth $162,811,000 after acquiring an additional 766,947 shares during the last quarter. Amundi lifted its stake in shares of Wheaton Precious Metals by 33.2% during the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock worth $215,557,000 after acquiring an additional 683,674 shares during the last quarter. Perpetual Ltd bought a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $50,430,000. Nuveen LLC bought a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $36,885,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Wheaton Precious Metals by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock worth $393,800,000 after acquiring an additional 470,651 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on WPM. BMO Capital Markets reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. National Bankshares restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Raymond James Financial boosted their price target on Wheaton Precious Metals from $112.00 to $114.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, UBS Group boosted their price target on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.75.

Wheaton Precious Metals Price Performance

WPM stock opened at $109.73 on Monday. The business has a 50 day simple moving average of $100.95 and a 200-day simple moving average of $90.46. The firm has a market capitalization of $49.81 billion, a PE ratio of 63.43, a price-to-earnings-growth ratio of 2.94 and a beta of 0.41. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.00.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same period in the prior year, the business posted $0.33 earnings per share. The firm’s revenue for the quarter was up 68.2% compared to the same quarter last year. On average, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is currently 38.15%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.