Wheaton Precious Metals Corp. $WPM Shares Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas raised its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,500 shares of the company’s stock after acquiring an additional 7,500 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Wheaton Precious Metals were worth $4,172,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WPM. AQR Capital Management LLC acquired a new position in shares of Wheaton Precious Metals in the first quarter worth about $331,000. Focus Partners Wealth raised its position in shares of Wheaton Precious Metals by 10.7% during the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock valued at $871,000 after acquiring an additional 1,081 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Wheaton Precious Metals in the first quarter valued at approximately $209,000. Sivia Capital Partners LLC acquired a new position in Wheaton Precious Metals in the second quarter valued at approximately $239,000. Finally, Rhumbline Advisers increased 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 worth $265,000 after acquiring an additional 652 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 3.6%

WPM stock opened at $128.46 on Wednesday. The firm has a 50 day moving average of $132.43 and a two-hundred day moving average of $132.24. 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 capitalization of $58.34 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 2.34 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was up 91.7% compared to the same quarter last year. On average, research analysts expect that Wheaton Precious Metals Corp. will post 4.98 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on WPM. Zacks Research lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a report on Friday, March 27th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price on the stock. TD Cowen upped their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Finally, Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

Wheaton Precious Metals 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.