Themes Management Co LLC Makes New Investment in Wheaton Precious Metals Corp. $WPM

Themes Management Co LLC purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,042 shares of the company’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WPM. AQR Capital Management LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth about $331,000. Focus Partners Wealth lifted its holdings in shares of Wheaton Precious Metals by 10.7% in the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock valued at $871,000 after buying an additional 1,081 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Wheaton Precious Metals in the 1st quarter valued at about $209,000. Sivia Capital Partners LLC acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at about $239,000. Finally, Rhumbline Advisers lifted its holdings in shares of Wheaton Precious Metals by 28.3% in the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock valued at $265,000 after buying an additional 652 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Friday, March 27th. TD Securities boosted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective for the company. Finally, Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $155.64.

Wheaton Precious Metals Trading Down 0.1%

NYSE WPM opened at $126.39 on Tuesday. The stock has a market capitalization of $57.39 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 2.44 and a beta of 0.50. Wheaton Precious Metals Corp. has a twelve month low of $84.46 and a twelve month high of $165.76. The stock has a 50-day moving average of $134.11 and a 200 day moving average of $129.93.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results 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. The company had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.Wheaton Precious Metals’s quarterly revenue was up 91.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Equities analysts predict that Wheaton Precious Metals Corp. will post 4.97 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is presently 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.