Lighthouse Investment Partners LLC Buys Shares of 19,387 Wheaton Precious Metals Corp. (NYSE:WPM)

Lighthouse Investment Partners LLC purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,387 shares of the company’s stock, valued at approximately $1,016,000.

Several other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC boosted its position in Wheaton Precious Metals by 1.4% in the first quarter. First Eagle Investment Management LLC now owns 21,403,409 shares of the company’s stock worth $1,008,743,000 after purchasing an additional 292,968 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Wheaton Precious Metals by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock worth $1,047,621,000 after purchasing an additional 197,426 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Wheaton Precious Metals by 1.7% in the first quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock worth $790,392,000 after buying an additional 272,918 shares during the last quarter. FIL Ltd boosted its holdings in shares of Wheaton Precious Metals by 5.5% in the fourth quarter. FIL Ltd now owns 10,646,479 shares of the company’s stock worth $525,235,000 after buying an additional 550,804 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Wheaton Precious Metals by 16.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock valued at $344,483,000 after buying an additional 1,010,307 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 2.8 %

NYSE WPM opened at $62.45 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $38.37 and a 12 month high of $64.82. The stock’s 50 day moving average is $59.98 and its 200 day moving average is $55.44. The stock has a market cap of $28.33 billion, a PE ratio of 48.04, a P/E/G ratio of 2.31 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $299.06 million for the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.42 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 47.69%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WPM shares. Berenberg Bank lifted their price target on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Raymond James lifted their target price on Wheaton Precious Metals from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday. CIBC upped their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. TD Securities lowered their price objective on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Jefferies Financial Group boosted their price objective on Wheaton Precious Metals from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.63.

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.