Aviso Financial Inc. Grows Position in Wheaton Precious Metals Corp. $WPM

Aviso Financial Inc. boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,307 shares of the company’s stock after acquiring an additional 2,322 shares during the quarter. Aviso Financial Inc.’s holdings in Wheaton Precious Metals were worth $7,490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC purchased a new stake in shares of Wheaton Precious Metals during the 1st quarter worth $239,000. Avantax Advisory Services Inc. lifted its holdings in Wheaton Precious Metals by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,737 shares of the company’s stock worth $523,000 after buying an additional 140 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Wheaton Precious Metals by 11.1% during the 1st quarter. Cetera Investment Advisers now owns 85,239 shares of the company’s stock worth $6,617,000 after acquiring an additional 8,515 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Wheaton Precious Metals by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 4,144 shares of the company’s stock valued at $322,000 after acquiring an additional 117 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Wheaton Precious Metals by 0.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 67,023 shares of the company’s stock valued at $5,202,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at $102.75 on Tuesday. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.36. The company has a market cap of $46.65 billion, a P/E ratio of 59.39, a PEG ratio of 1.67 and a beta of 0.38. The firm has a fifty day moving average of $103.72 and a two-hundred day moving average of $96.28.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same period in the prior year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 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 Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 30.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WPM shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. UBS Group upped their target price on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Scotiabank reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Thursday, October 23rd. Berenberg Bank boosted their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

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.