Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,167 shares of the company’s stock after buying an additional 290 shares during the period. US Bancorp DE’s holdings in Wheaton Precious Metals were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ridgewood Investments LLC purchased a new position in Wheaton Precious Metals during the second quarter worth about $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $31,000. Sunbelt Securities Inc. purchased a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $47,000. St. Johns Investment Management Company LLC purchased a new position in shares of Wheaton Precious Metals in the third quarter valued at approximately $48,000. Finally, Western Pacific Wealth Management LP lifted its stake in Wheaton Precious Metals by 19.6% in the first quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 218 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. TD Securities lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have assigned 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 an average target price of $70.88.

Wheaton Precious Metals Trading Down 5.9 %

WPM stock opened at $61.02 on Tuesday. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The company has a market capitalization of $27.68 billion, a P/E ratio of 45.54, a PEG ratio of 2.37 and a beta of 0.77. The firm has a 50 day simple moving average of $62.77 and a 200-day simple moving average of $58.71.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a return on equity of 8.91% and a net margin of 50.05%. During the same period last year, the business posted $0.27 earnings per share. On average, research analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

About Wheaton Precious Metals

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.