Sanctuary Advisors LLC Takes $713,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Sanctuary Advisors LLC bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 13,202 shares of the company’s stock, valued at approximately $713,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $31,000. Abich Financial Wealth Management LLC acquired a new position in Wheaton Precious Metals during the second quarter worth $31,000. Sunbelt Securities Inc. bought a new position in shares of Wheaton Precious Metals during the second quarter valued at $47,000. St. Johns Investment Management Company LLC bought a new stake in shares of Wheaton Precious Metals in the 1st quarter worth about $52,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of 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 in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday. CIBC raised their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. TD Securities reduced their price target on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Jefferies Financial Group raised their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $69.88.

Wheaton Precious Metals Stock Down 0.4 %

Shares of Wheaton Precious Metals stock opened at $60.71 on Monday. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $64.82. The stock has a market cap of $27.54 billion, a PE ratio of 48.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. The business has a fifty day simple moving average of $60.27 and a 200 day simple moving average of $56.61.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. Wheaton Precious Metals’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. Analysts expect that Wheaton Precious Metals Corp. will post 1.43 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 annualized dividend and a yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 49.21%.

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.