Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 5.6% in the third quarter, HoldingsChannel reports. The fund owned 4,103 shares of the company’s stock after buying an additional 219 shares during the period. Great Valley Advisor Group Inc.’s holdings in Wheaton Precious Metals were worth $251,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in WPM. Quent Capital LLC raised its stake in shares of Wheaton Precious Metals by 136.1% in the 1st quarter. Quent Capital LLC now owns 5,636 shares of the company’s stock worth $266,000 after buying an additional 3,249 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Wheaton Precious Metals by 5.8% in the 1st quarter. Janus Henderson Group PLC now owns 91,036 shares of the company’s stock worth $4,292,000 after buying an additional 5,009 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Wheaton Precious Metals by 80.1% in the 1st quarter. Cetera Investment Advisers now owns 37,250 shares of the company’s stock worth $1,756,000 after buying an additional 16,570 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the 1st quarter worth $400,000. Finally, Confluence Investment Management LLC raised its stake in shares of Wheaton Precious Metals by 2.6% in the 2nd quarter. Confluence Investment Management LLC now owns 11,574 shares of the company’s stock worth $607,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.5 %

NYSE:WPM opened at $61.74 on Thursday. The firm has a market capitalization of $28.01 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 2.23 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64. The business’s fifty day moving average price is $62.99 and its 200 day moving average price is $59.29.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same period in the previous year, the firm earned $0.27 earnings per share. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 46.27%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. TD Securities boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Scotiabank boosted their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Raymond James boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Company 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.