BNP Paribas Arbitrage SA Acquires 17,864 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

BNP Paribas Arbitrage SA increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 29.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,216 shares of the company’s stock after buying an additional 17,864 shares during the period. BNP Paribas Arbitrage SA’s holdings in Wheaton Precious Metals were worth $3,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WPM. Massachusetts Financial Services Co. MA raised its stake in Wheaton Precious Metals by 100.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,280,106 shares of the company’s stock worth $239,963,000 after buying an additional 3,147,537 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Wheaton Precious Metals by 547.2% in the first quarter. Canada Pension Plan Investment Board now owns 3,000,000 shares of the company’s stock worth $114,572,000 after buying an additional 2,536,498 shares in the last quarter. Ruffer LLP raised its stake in Wheaton Precious Metals by 29.5% in the first quarter. Ruffer LLP now owns 3,590,891 shares of the company’s stock worth $137,265,000 after buying an additional 816,986 shares in the last quarter. Van ECK Associates Corp raised its stake in Wheaton Precious Metals by 3.2% in the first quarter. Van ECK Associates Corp now owns 22,260,521 shares of the company’s stock worth $850,574,000 after buying an additional 680,862 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Wheaton Precious Metals by 5.3% in the first quarter. Royal Bank of Canada now owns 11,965,084 shares of the company’s stock worth $457,187,000 after buying an additional 602,890 shares in the last quarter. 55.50% of the stock is owned by institutional investors.

Shares of WPM opened at $39.29 on Friday. The firm has a market capitalization of $17.69 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 5.91 and a beta of 0.32. Wheaton Precious Metals Corp. has a 1-year low of $34.85 and a 1-year high of $51.43. The company’s fifty day moving average price is $43.92 and its 200-day moving average price is $43.59.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 12th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $330.39 million for the quarter, compared to analysts’ expectations of $320.49 million. Wheaton Precious Metals had a net margin of 50.90% and a return on equity of 10.84%. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 9th. Shareholders of record on Friday, August 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.53%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, August 26th. Wheaton Precious Metals’s dividend payout ratio is presently 53.57%.

Several research firms have issued reports on WPM. Berenberg Bank reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a report on Thursday, July 8th. KeyCorp began coverage on shares of Wheaton Precious Metals in a report on Friday. They issued an “overweight” rating and a $47.00 price target on the stock. Finally, Raymond James set a $60.00 price target on shares of Wheaton Precious Metals and gave the stock an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $57.27.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. It focuses on the following precious metals streams: Salobo, Penasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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