Wheaton Precious Metals Corp. $WPM Stock Position Raised by Savant Capital LLC

Savant Capital LLC lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,137 shares of the company’s stock after buying an additional 2,052 shares during the quarter. Savant Capital LLC’s holdings in Wheaton Precious Metals were worth $1,180,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bulwark Capital Corp acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $27,000. Wealth Preservation Advisors LLC bought a new position in shares of Wheaton Precious Metals during the 1st quarter valued at $38,000. Banque Cantonale Vaudoise acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at $49,000. City State Bank lifted its stake in shares of Wheaton Precious Metals by 40.0% in 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 last quarter. Finally, Whittier Trust Co. boosted its holdings in Wheaton Precious Metals by 77.4% in the first quarter. Whittier Trust Co. now owns 763 shares of the company’s stock worth $59,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on WPM shares. Raymond James Financial raised their target price on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. 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 report on Thursday, October 16th. Berenberg Bank increased their price target on Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, September 12th. 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, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.50.

Wheaton Precious Metals Stock Up 3.7%

Shares of WPM stock opened at $107.90 on Thursday. Wheaton Precious Metals Corp. has a 12 month low of $55.47 and a 12 month high of $114.36. The firm has a market cap of $48.99 billion, a PE ratio of 62.37, a price-to-earnings-growth ratio of 1.67 and a beta of 0.38. The stock has a 50 day moving average of $104.22 and a 200-day moving average of $95.09.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm’s revenue was up 54.5% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 30.00%.

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.