Banque Cantonale Vaudoise Has $1.33 Million Stock Holdings in Wheaton Precious Metals Corp. $WPM

by · The Markets Daily

Banque Cantonale Vaudoise grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 20,240.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,170 shares of the company’s stock after purchasing an additional 10,120 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Wheaton Precious Metals were worth $1,330,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Sprott Inc. grew its position in Wheaton Precious Metals by 3.0% during the third quarter. Sprott Inc. now owns 1,151,886 shares of the company’s stock worth $128,928,000 after buying an additional 33,076 shares in the last quarter. LBP AM SA increased its position in shares of Wheaton Precious Metals by 632.2% during the fourth quarter. LBP AM SA now owns 119,855 shares of the company’s stock valued at $14,085,000 after purchasing an additional 103,485 shares during the period. Moody Lynn & Lieberson LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $2,052,000. Russell Investments Group Ltd. increased its position in shares of Wheaton Precious Metals by 19.3% during the third quarter. Russell Investments Group Ltd. now owns 365,208 shares of the company’s stock valued at $40,726,000 after purchasing an additional 59,153 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Wheaton Precious Metals by 6.4% in the third quarter. Legal & General Group Plc now owns 3,202,980 shares of the company’s stock valued at $358,512,000 after purchasing an additional 193,292 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research note on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target on the stock. UBS Group upgraded shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, March 27th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. TD Securities lifted their target price on shares of 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, Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $155.64.

Check Out Our Latest Research Report on Wheaton Precious Metals

Wheaton Precious Metals Trading Up 0.2%

Shares of WPM opened at $113.32 on Friday. Wheaton Precious Metals Corp. has a 1 year low of $85.59 and a 1 year high of $165.76. The stock has a market cap of $51.46 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 2.13 and a beta of 0.51. The stock’s 50-day moving average price is $128.66 and its two-hundred day moving average price is $132.64.

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

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s payout ratio is 19.70%.

Wheaton Precious Metals Company Profile

(Free Report)

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.

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