CWA Asset Management Group LLC Purchases 26,924 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

CWA Asset Management Group LLC increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,514 shares of the company's stock after buying an additional 26,924 shares during the quarter. CWA Asset Management Group LLC's holdings in Wheaton Precious Metals were worth $9,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WPM. Charles Schwab Investment Management Inc. lifted its position in shares of Wheaton Precious Metals by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company's stock worth $58,422,000 after buying an additional 36,970 shares in the last quarter. Well Done LLC lifted its holdings in Wheaton Precious Metals by 173.9% during the third quarter. Well Done LLC now owns 38,108 shares of the company's stock worth $2,328,000 after acquiring an additional 24,196 shares during the period. Lighthouse Investment Partners LLC purchased a new position in Wheaton Precious Metals in the second quarter worth $1,016,000. Swiss National Bank grew its stake in Wheaton Precious Metals by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company's stock valued at $83,854,000 after purchasing an additional 10,600 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Wheaton Precious Metals in the 3rd quarter valued at $1,287,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. National Bank Financial raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Stifel Canada cut shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a "buy" rating and a $78.00 price target for the company. TD Securities lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Raymond James increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.67.

Wheaton Precious Metals Trading Down 2.0 %

Shares of WPM stock traded down $1.13 during trading hours on Monday, reaching $56.41. The stock had a trading volume of 978,287 shares, compared to its average volume of 1,424,462. The stock's fifty day simple moving average is $60.98 and its 200 day simple moving average is $60.23. The firm has a market capitalization of $25.59 billion, a PE ratio of 42.10, a PEG ratio of 1.67 and a beta of 0.76. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period last year, the firm earned $0.27 EPS. As a group, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.10%. Wheaton Precious Metals's payout ratio is currently 46.27%.

About Wheaton Precious Metals

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.