Wheaton Precious Metals Corp. $WPM Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 56.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,656 shares of the company’s stock after buying an additional 1,686 shares during the quarter. Farther Finance Advisors LLC’s holdings in Wheaton Precious Metals were worth $418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WPM. Bulwark Capital Corp acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at about $27,000. NBT Bank N A NY increased its stake in Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company’s stock worth $32,000 after buying an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $38,000. Banque Cantonale Vaudoise purchased a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $49,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.5%

NYSE WPM opened at $109.01 on Monday. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $109.67. The business’s 50-day moving average price is $99.28 and its 200 day moving average price is $89.23. The firm has a market cap of $49.49 billion, a P/E ratio of 63.01, a P/E/G ratio of 2.93 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s revenue was up 68.2% compared to the same quarter last year. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 38.15%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. UBS Group upped their price target on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. CIBC upped their price target on Wheaton Precious Metals from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Berenberg Bank upped their price objective on Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Scotiabank upped their price target on Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus target price of $106.11.

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.