Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,639 shares of the company’s stock after purchasing an additional 1,273 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Wheaton Precious Metals were worth $2,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC boosted its holdings in shares of Wheaton Precious Metals by 1.4% during 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 period. Van ECK Associates Corp lifted its position in Wheaton Precious Metals by 1.0% during the 2nd quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock worth $1,047,621,000 after acquiring an additional 197,426 shares during the last quarter. Vanguard Group Inc. boosted its position 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 valued at $790,392,000 after acquiring an additional 272,918 shares during the period. Price T Rowe Associates Inc. MD grew its position in Wheaton Precious Metals by 16.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock worth $344,483,000 after purchasing an additional 1,010,307 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Wheaton Precious Metals by 22.5% in the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock valued at $311,920,000 after acquiring an additional 1,092,480 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WPM. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. TD Securities upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. 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. Scotiabank lifted their price target on shares of 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. Finally, Raymond James boosted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $70.88.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $59.69 on Wednesday. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The firm has a market capitalization of $27.08 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 2.37 and a beta of 0.77. The company’s 50 day simple moving average is $62.77 and its 200 day simple moving average is $58.75.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 50.05% and a return on equity of 8.91%. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.04%. Wheaton Precious Metals’s payout ratio is presently 46.27%.

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.