Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 31.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 17,290 shares of the company’s stock after buying an additional 4,124 shares during the quarter. Cerity Partners LLC’s holdings in Wheaton Precious Metals were worth $1,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canoe Financial LP bought a new stake in shares of Wheaton Precious Metals during the third quarter valued at approximately $113,017,000. Barings LLC acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at approximately $65,405,000. TD Asset Management Inc raised its stake in Wheaton Precious Metals by 22.5% during 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. King Luther Capital Management Corp boosted its position in Wheaton Precious Metals by 196.1% during the 2nd quarter. King Luther Capital Management Corp now owns 1,013,847 shares of the company’s stock worth $53,146,000 after acquiring an additional 671,432 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Wheaton Precious Metals by 90.5% in the second quarter. Clearbridge Investments LLC now owns 1,344,131 shares of the company’s stock worth $70,461,000 after purchasing an additional 638,425 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $62.96 on Thursday. The firm has a market cap of $28.56 billion, a price-to-earnings ratio of 46.99, a price-to-earnings-growth ratio of 1.72 and a beta of 0.75. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The firm’s 50 day moving average price is $62.94 and its two-hundred day moving average price is $59.54.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business 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 8.85% and a net margin of 50.05%. During the same period in the previous year, the firm posted $0.27 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 0.98%. Wheaton Precious Metals’s payout ratio is presently 46.27%.

Analysts Set New Price Targets

WPM has been the topic of a number of recent analyst reports. UBS Group started coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. TD Securities boosted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Scotiabank increased their price objective 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. Jefferies Financial Group boosted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.67.

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.