Vise Technologies Inc. Makes New $1.09 Million Investment in Wheaton Precious Metals Corp. $WPM

Vise Technologies Inc. bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,109 shares of the company’s stock, valued at approximately $1,087,000.

Other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in shares of Wheaton Precious Metals by 57.6% during the first 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 in the last quarter. Amundi lifted its position in Wheaton Precious Metals by 33.2% during the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after purchasing an additional 683,674 shares during the period. Bank of Montreal Can increased its position in shares of Wheaton Precious Metals by 10.3% in the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock valued at $460,736,000 after buying an additional 478,236 shares in the last quarter. Nuveen LLC acquired a new position in shares of Wheaton Precious Metals in the first quarter valued at approximately $36,885,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Wheaton Precious Metals by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after acquiring an additional 470,651 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.6%

Shares of Wheaton Precious Metals stock traded down $0.67 on Thursday, hitting $107.10. The stock had a trading volume of 95,724 shares, compared to its average volume of 1,976,092. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $114.36. The stock has a market cap of $48.62 billion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 1.67 and a beta of 0.38. The company’s 50 day moving average price is $104.22 and its 200 day moving average price is $95.09.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same quarter in the previous year, the business earned $0.34 EPS. The firm’s revenue was up 54.5% on a year-over-year basis. Analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 30.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, September 12th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. Raymond James Financial increased their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Bank of America boosted their price objective on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.50.

About Wheaton Precious Metals

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.