PDS Planning Inc Acquires 213 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

PDS Planning Inc grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,497 shares of the company’s stock after purchasing an additional 213 shares during the quarter. PDS Planning Inc’s holdings in Wheaton Precious Metals were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Continuum Advisory LLC grew its stake in Wheaton Precious Metals by 9.0% in the 1st quarter. Continuum Advisory LLC now owns 1,823 shares of the company’s stock worth $142,000 after acquiring an additional 151 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of Wheaton Precious Metals by 0.8% in the first quarter. PFG Investments LLC now owns 22,515 shares of the company’s stock valued at $1,748,000 after purchasing an additional 172 shares during the period. Fielder Capital Group LLC grew its stake in Wheaton Precious Metals by 0.7% in the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock worth $1,389,000 after purchasing an additional 176 shares in the last quarter. Signaturefd LLC grew its stake in Wheaton Precious Metals by 1.5% in the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company’s stock worth $668,000 after purchasing an additional 178 shares in the last quarter. Finally, NBT Bank N A NY increased its holdings in Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company’s stock worth $32,000 after purchasing an additional 234 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Scotiabank upped their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a report on Monday, April 14th. UBS Group upped their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Royal Bank Of Canada raised their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 4th. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an “outperform” rating and a $129.00 price target for the company. Finally, Raymond James Financial lifted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and an average target price of $92.75.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $87.30 on Friday. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $95.23. The stock has a market cap of $39.63 billion, a PE ratio of 64.19, a price-to-earnings-growth ratio of 2.75 and a beta of 0.46. The stock has a 50-day moving average of $85.86 and a two-hundred day moving average of $73.49.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The firm had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same period in the prior year, the firm earned $0.36 EPS. The firm’s revenue was up 58.4% on a year-over-year basis. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.53%.

Wheaton Precious Metals 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.