8,088 Shares in Wheaton Precious Metals Corp. $WPM Bought by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,088 shares of the company’s stock, valued at approximately $727,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bulwark Capital Corp bought a new position in shares of Wheaton Precious Metals during the second quarter worth about $27,000. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals in the 1st quarter valued at about $38,000. Banque Cantonale Vaudoise bought a new stake in Wheaton Precious Metals in the 1st quarter valued at about $49,000. City State Bank boosted its stake in Wheaton Precious Metals by 40.0% during the 2nd quarter. City State Bank now owns 560 shares of the company’s stock valued at $50,000 after purchasing an additional 160 shares during the period. Finally, Penserra Capital Management LLC grew its position in Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after purchasing an additional 707 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WPM has been the topic of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wheaton Precious Metals in a research report on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Berenberg Bank lifted their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Raymond James Financial upped their price objective on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.50.

Wheaton Precious Metals Stock Up 2.9%

Shares of WPM stock opened at $99.05 on Friday. The stock has a 50-day simple moving average of $104.02 and a 200 day simple moving average of $94.53. The stock has a market capitalization of $44.97 billion, a P/E ratio of 57.25, a P/E/G ratio of 1.67 and a beta of 0.38. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. During the same period in the previous year, the business earned $0.34 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 54.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 20th. Wheaton Precious Metals’s payout ratio is presently 38.15%.

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.