Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Purchases Shares of 21,500 Wheaton Precious Metals Corp. (NYSE:WPM)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,500 shares of the company’s stock, valued at approximately $1,211,000. Wheaton Precious Metals comprises approximately 1.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 9th biggest position.

Several other large investors have also modified their holdings of WPM. Norges Bank purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $472,648,000. Van ECK Associates Corp lifted its stake in Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after acquiring an additional 1,231,999 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Wheaton Precious Metals by 1,865.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock valued at $76,061,000 after buying an additional 1,182,156 shares during the period. TD Asset Management Inc. boosted its holdings in Wheaton Precious Metals by 9.6% during the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock worth $402,627,000 after buying an additional 629,743 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Wheaton Precious Metals by 21.3% during the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after purchasing an additional 513,890 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WPM shares. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank raised their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a report on Monday, March 17th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Buy” and an average price target of $72.44.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $76.86 on Friday. The firm’s fifty day moving average price is $68.44 and its 200 day moving average price is $63.75. The company has a market capitalization of $34.87 billion, a price-to-earnings ratio of 57.36, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12 month low of $47.02 and a 12 month high of $77.86.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $380.52 million during the quarter, compared to analysts’ expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. As a group, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.165 per share. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is presently 56.90%.

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.