Wheaton Precious Metals Corp. $WPM Stake Boosted by Waverly Advisors LLC

Waverly Advisors LLC boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 188.8% in the second quarter, HoldingsChannel.com reports. The firm owned 9,161 shares of the company’s stock after acquiring an additional 5,989 shares during the period. Waverly Advisors LLC’s holdings in Wheaton Precious Metals were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd raised its holdings in shares of Wheaton Precious Metals by 100.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after purchasing an additional 117 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC boosted its holdings in shares of Wheaton Precious Metals by 245.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after buying an additional 162 shares during the period. Hollencrest Capital Management grew its position in shares of Wheaton Precious Metals by 73.5% during the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $38,000. Institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Royal Bank Of Canada lowered their target price on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Bank of America dropped their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a report on Tuesday, July 28th. Finally, Scotiabank reduced their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Trading Down 3.0%

Shares of NYSE:WPM opened at $149.56 on Tuesday. The company has a market cap of $67.92 billion, a PE ratio of 33.16, a P/E/G ratio of 2.72 and a beta of 0.60. The company’s 50-day moving average price is $130.98 and its 200 day moving average price is $131.62. Wheaton Precious Metals Corp. has a fifty-two week low of $92.57 and a fifty-two week high of $165.76. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (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 firm had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. During the same period in the previous year, the business posted $0.63 EPS. Wheaton Precious Metals’s revenue was up 84.7% on a year-over-year basis. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 20th. Wheaton Precious Metals’s payout ratio is 17.29%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. (NYSE:WPM) is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the future production from specific mining projects at predetermined prices.

Wheaton’s streaming portfolio is primarily focused on gold and silver, with additional exposure to palladium and cobalt through certain agreements.