3,893 Shares in Wheaton Precious Metals Corp. $WPM Purchased by J.Safra Asset Management Corp

J.Safra Asset Management Corp acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 3,893 shares of the company’s stock, valued at approximately $437,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new stake in shares of Wheaton Precious Metals in the second quarter valued at approximately $109,000. Alberta Investment Management Corp bought a new stake in Wheaton Precious Metals during the 2nd quarter valued at $25,052,000. Fielder Capital Group LLC bought a new stake in Wheaton Precious Metals during the 2nd quarter valued at $2,414,000. Silverlake Wealth Management LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth $411,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Wheaton Precious Metals in the second quarter worth $53,434,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $134.25 on Monday. The stock has a market cap of $60.97 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.38 and a beta of 0.55. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $115.96 and a 200 day simple moving average of $130.45. Wheaton Precious Metals Corp. has a 52 week low of $90.94 and a 52 week high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The company’s revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 17.29%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a research note on Tuesday, July 28th. Royal Bank Of Canada decreased their price target on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group cut their price objective on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Scotiabank reduced their price objective on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.55.

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.