Arkadios Wealth Advisors Grows Stock Position in Wheaton Precious Metals Corp. $WPM

Arkadios Wealth Advisors lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.6% in the second quarter, HoldingsChannel reports. The firm owned 22,873 shares of the company’s stock after acquiring an additional 1,010 shares during the quarter. Arkadios Wealth Advisors’ holdings in Wheaton Precious Metals were worth $2,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WPM. Canada Pension Plan Investment Board boosted its stake in shares of Wheaton Precious Metals by 57.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company’s stock valued at $162,811,000 after buying an additional 766,947 shares during the period. Amundi lifted its stake in Wheaton Precious Metals by 33.2% in the first quarter. Amundi now owns 2,745,947 shares of the company’s stock worth $215,557,000 after acquiring an additional 683,674 shares during the last quarter. Nuveen LLC purchased a new position in Wheaton Precious Metals in the first quarter worth approximately $36,885,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Wheaton Precious Metals by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock worth $393,800,000 after purchasing an additional 470,651 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Wheaton Precious Metals by 17.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,465,542 shares of the company’s stock worth $191,357,000 after purchasing an additional 363,375 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM stock opened at $97.99 on Friday. The company has a fifty day moving average price of $104.06 and a 200 day moving average price of $94.00. Wheaton Precious Metals Corp. has a 12 month low of $55.47 and a 12 month high of $114.36. The company has a market cap of $44.49 billion, a price-to-earnings ratio of 56.64, a price-to-earnings-growth ratio of 1.67 and a beta of 0.41.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Wheaton Precious Metals’s revenue for the quarter was up 68.2% on a year-over-year basis. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 annualized dividend and a yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is currently 38.15%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WPM. Berenberg Bank lifted their price objective on shares of 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 lifted their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. UBS Group boosted their target price on Wheaton Precious Metals from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. CIBC boosted their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.00.

Wheaton Precious Metals Company 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.