Trust Co. of Vermont Takes $85,000 Position in Wheaton Precious Metals Corp. $WPM

Trust Co. of Vermont purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 951 shares of the company’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WPM. Bulwark Capital Corp purchased a new position in Wheaton Precious Metals during the 2nd quarter worth $27,000. NBT Bank N A NY increased its stake in shares of Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company’s stock worth $32,000 after acquiring an additional 234 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Wheaton Precious Metals during the first quarter worth about $38,000. Banque Cantonale Vaudoise acquired a new stake in Wheaton Precious Metals in the first quarter valued at about $49,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Wheaton Precious Metals in the first quarter valued at about $52,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $109.71 on Friday. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.00. The firm has a market capitalization of $49.80 billion, a price-to-earnings ratio of 63.41, a price-to-earnings-growth ratio of 2.99 and a beta of 0.41. The stock’s fifty day moving average is $100.63 and its two-hundred day moving average is $90.02.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. As a group, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is currently 38.15%.

Analyst Ratings Changes

Several equities analysts have issued reports on WPM shares. UBS Group boosted their target price on Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Berenberg Bank increased their price objective on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Raymond James Financial boosted their target price on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus target price of $106.11.

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.