Wheaton Precious Metals Corp. $WPM Shares Newly Acquired by Formuepleje A S

Formuepleje A S acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,515 shares of the company’s stock, valued at approximately $1,005,000.

Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. boosted its holdings in Wheaton Precious Metals by 36.4% in the 3rd quarter. Mather Group LLC. now owns 352 shares of the company’s stock valued at $47,000 after purchasing an additional 94 shares during the period. Fortitude Family Office LLC acquired a new position in Wheaton Precious Metals during the 3rd quarter worth approximately $188,000. Generate Investment Management Ltd increased its position in Wheaton Precious Metals by 83.3% during the 3rd quarter. Generate Investment Management Ltd now owns 110,000 shares of the company’s stock worth $14,709,000 after purchasing an additional 50,000 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Wheaton Precious Metals by 8.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,075 shares of the company’s stock valued at $545,000 after purchasing an additional 316 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its stake in Wheaton Precious Metals by 4.7% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 6,706 shares of the company’s stock valued at $897,000 after purchasing an additional 303 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 1.8%

Shares of NYSE:WPM traded up $2.33 during trading on Thursday, reaching $131.91. The stock had a trading volume of 817,747 shares, compared to its average volume of 2,195,735. Wheaton Precious Metals Corp. has a 52 week low of $92.57 and a 52 week high of $165.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s fifty day moving average is $144.36 and its 200 day moving average is $131.55. The stock has a market cap of $59.91 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 2.48 and a beta of 0.54.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $879.29 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The business’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.80 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.1950 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s payout ratio is currently 17.29%.

Analysts Set New Price Targets

WPM has been the topic of a number of research reports. Weiss Ratings raised shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 9th. Bank of America dropped their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Scotiabank cut their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reduced their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.11.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.