Voya Investment Management LLC Purchases 113,835 Shares of Wheaton Precious Metals Corp. $WPM

Voya Investment Management LLC grew its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 18.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 747,477 shares of the company’s stock after acquiring an additional 113,835 shares during the quarter. Voya Investment Management LLC owned about 0.16% of Wheaton Precious Metals worth $58,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Wheaton Precious Metals by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 4,144 shares of the company’s stock valued at $322,000 after acquiring an additional 117 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its holdings in Wheaton Precious Metals by 2.8% during the 1st quarter. Asahi Life Asset Management CO. LTD. now owns 5,070 shares of the company’s stock valued at $393,000 after buying an additional 140 shares during the period. Avantax Advisory Services Inc. raised its holdings in Wheaton Precious Metals by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,737 shares of the company’s stock valued at $523,000 after buying an additional 140 shares during the period. Continuum Advisory LLC raised its holdings in Wheaton Precious Metals by 9.0% during the 1st quarter. Continuum Advisory LLC now owns 1,823 shares of the company’s stock valued at $142,000 after buying an additional 151 shares during the period. Finally, Allworth Financial LP raised its holdings in Wheaton Precious Metals by 2.9% during the 1st quarter. Allworth Financial LP now owns 5,715 shares of the company’s stock valued at $470,000 after buying an additional 161 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank Of Canada increased their price target on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. National Bankshares restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Finally, Berenberg Bank lifted their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.44.

Wheaton Precious Metals Trading Down 0.5%

NYSE:WPM opened at $106.79 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $108.67. The company has a market cap of $48.48 billion, a price-to-earnings ratio of 61.73, a price-to-earnings-growth ratio of 2.95 and a beta of 0.42. The stock has a fifty day simple moving average of $95.90 and a 200-day simple moving average of $86.44.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Wheaton Precious Metals Company 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.