Cliftonlarsonallen Wealth Advisors LLC Grows Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Cliftonlarsonallen Wealth Advisors LLC raised its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,685 shares of the company’s stock after buying an additional 797 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in Wheaton Precious Metals in the 2nd quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Wheaton Precious Metals in the second quarter valued at about $31,000. Sunbelt Securities Inc. purchased a new stake in shares of Wheaton Precious Metals in the second quarter valued at about $47,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Wheaton Precious Metals during the first quarter worth about $52,000. Finally, Western Pacific Wealth Management LP grew its holdings in shares of Wheaton Precious Metals by 19.6% during the first quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after buying an additional 218 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 0.3 %

Shares of WPM opened at $60.91 on Tuesday. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $64.82. The company has a 50-day simple moving average of $60.37 and a 200-day simple moving average of $56.71. The company has a market capitalization of $27.63 billion, a PE ratio of 48.34, a P/E/G ratio of 2.20 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (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 net margin of 50.44% and a return on equity of 8.54%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.43 EPS for the current 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. This represents a $0.62 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 49.21%.

Analysts Set New Price Targets

WPM has been the subject of a number of recent research reports. Berenberg Bank increased their price objective on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. CIBC increased their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Jefferies Financial Group boosted 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 note on Friday, October 4th. Bank of America raised their target price on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, Raymond James boosted their price target on shares of Wheaton Precious Metals from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $69.88.

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.