Janus Henderson Group PLC Buys 107,413 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Janus Henderson Group PLC lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 130.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,957 shares of the company’s stock after purchasing an additional 107,413 shares during the quarter. Janus Henderson Group PLC’s holdings in Wheaton Precious Metals were worth $10,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. GeoSphere Capital Management LLC acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $1,687,000. Gotham Asset Management LLC lifted its position in shares of Wheaton Precious Metals by 83.8% in the 4th quarter. Gotham Asset Management LLC now owns 6,324 shares of the company’s stock worth $356,000 after purchasing an additional 2,884 shares during the period. Greenline Partners LLC lifted its position in shares of Wheaton Precious Metals by 70.0% in the 4th quarter. Greenline Partners LLC now owns 7,347 shares of the company’s stock worth $413,000 after purchasing an additional 3,025 shares during the period. Focus Partners Wealth lifted its position in shares of Wheaton Precious Metals by 35.1% in the 4th quarter. Focus Partners Wealth now owns 10,142 shares of the company’s stock worth $582,000 after purchasing an additional 2,635 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $344,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 0.5%

Shares of WPM stock opened at $78.35 on Friday. The firm has a market capitalization of $35.56 billion, a PE ratio of 58.47, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. The firm has a fifty day simple moving average of $78.69 and a two-hundred day simple moving average of $68.12. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 58.4% compared to the same quarter last year. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. Wheaton Precious Metals’s payout ratio is 48.53%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WPM shares. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a research report on Monday, April 14th. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. UBS Group boosted their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Royal Bank of Canada boosted their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, April 4th. Finally, BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an “outperform” rating and a $129.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $85.90.

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.