Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in Wheaton Precious Metals Corp. $WPM

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,961 shares of the company’s stock, valued at approximately $4,814,000.

Several other hedge funds have also recently modified their holdings of the stock. Assetmark Inc. raised its position in shares of Wheaton Precious Metals by 144.4% in the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $29,000. Navalign LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $30,000. Eagle Bay Advisors LLC acquired a new position in Wheaton Precious Metals during the 4th quarter valued at approximately $32,000. Finally, Triumph Capital Management purchased a new position in shares of Wheaton Precious Metals in the third quarter worth $33,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the subject of several research reports. TD Securities lifted their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Scotiabank lifted their price target on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, BMO Capital Markets began coverage on 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. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.64.

Wheaton Precious Metals Trading Up 2.5%

Shares of NYSE WPM opened at $127.21 on Thursday. The company has a 50 day simple moving average of $135.41 and a two-hundred day simple moving average of $129.28. The stock has a market cap of $57.76 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.40 and a beta of 0.50. Wheaton Precious Metals Corp. has a 12 month low of $83.60 and a 12 month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 91.7% compared to the same quarter last year. Analysts forecast that Wheaton Precious Metals Corp. will post 4.87 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Wheaton Precious Metals Company Profile

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.