Intech Investment Management LLC Purchases 5,575 Shares of Wheaton Precious Metals Corp. $WPM

Intech Investment Management LLC lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 113,958 shares of the company’s stock after acquiring an additional 5,575 shares during the period. Intech Investment Management LLC’s holdings in Wheaton Precious Metals were worth $13,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WPM. Assetmark Inc. lifted its stake in shares of Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after buying an additional 130 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth approximately $28,000. Navalign LLC bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth approximately $30,000. Eagle Bay Advisors LLC bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth approximately $32,000. Finally, Triumph Capital Management bought a new position in shares of Wheaton Precious Metals in the third quarter worth approximately $33,000. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WPM shares. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Scotiabank raised their target price 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 stock a “buy” rating in a research report on Monday, March 16th. Finally, BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals Trading Up 2.1%

NYSE:WPM opened at $132.74 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The company has a market cap of $60.28 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 2.45 and a beta of 0.50. The company has a 50 day simple moving average of $133.63 and a two-hundred day simple moving average of $130.61.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm’s revenue was up 91.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. Research analysts forecast that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is 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.