Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd raised its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 74.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 335,908 shares of the company’s stock after buying an additional 142,833 shares during the period. Lombard Odier Asset Management Europe Ltd owned approximately 0.07% of Wheaton Precious Metals worth $17,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $39,000. Dimensional Fund Advisors LP boosted its stake in Wheaton Precious Metals by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 528,581 shares of the company’s stock valued at $26,081,000 after buying an additional 24,676 shares in the last quarter. D.A. Davidson & CO. raised its position in Wheaton Precious Metals by 9.6% in the fourth quarter. D.A. Davidson & CO. now owns 34,406 shares of the company’s stock worth $1,698,000 after acquiring an additional 3,002 shares in the last quarter. US Bancorp DE lifted its holdings in Wheaton Precious Metals by 732.3% in the 4th quarter. US Bancorp DE now owns 92,663 shares of the company’s stock valued at $4,572,000 after acquiring an additional 81,530 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Wheaton Precious Metals by 13.6% during the 4th quarter. Allianz Asset Management GmbH now owns 1,193,404 shares of the company’s stock valued at $59,163,000 after purchasing an additional 143,270 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Securities dropped their target price on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Bank of America upped their price target on Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Scotiabank increased their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. CIBC lifted their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Finally, Berenberg Bank upped their target price on Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $67.50.

Wheaton Precious Metals Stock Up 0.6 %

WPM stock opened at $62.60 on Monday. The company has a 50 day moving average of $59.73 and a two-hundred day moving average of $54.85. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $64.27. The company has a market cap of $28.39 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 2.29 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The business had revenue of $299.06 million during the quarter, compared to analyst estimates of $309.54 million. During the same period last year, the company earned $0.31 earnings per share. Wheaton Precious Metals’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.4 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a $0.155 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 0.99%. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.