Great Valley Advisor Group Inc. Increases Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Great Valley Advisor Group Inc. lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,103 shares of the company’s stock after buying an additional 219 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Wheaton Precious Metals were worth $251,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in Wheaton Precious Metals during the 2nd quarter worth approximately $31,000. Abich Financial Wealth Management LLC purchased a new stake in Wheaton Precious Metals during the 2nd quarter worth approximately $31,000. Sunbelt Securities Inc. purchased a new stake in Wheaton Precious Metals during the 2nd quarter worth approximately $47,000. St. Johns Investment Management Company LLC purchased a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $48,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Wheaton Precious Metals by 25.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock worth $65,000 after purchasing an additional 253 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $61.74 on Thursday. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The firm has a market capitalization of $28.01 billion, a P/E ratio of 46.31, a P/E/G ratio of 2.23 and a beta of 0.77. The business has a 50 day simple moving average of $62.99 and a 200 day simple moving average of $59.29.

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

Wheaton Precious Metals Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WPM. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Scotiabank lifted 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. Jefferies Financial Group lifted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. TD Securities lifted 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. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

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.