CWA Asset Management Group LLC Takes $8.34 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

CWA Asset Management Group LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 136,590 shares of the company's stock, valued at approximately $8,343,000.

A number of other institutional investors have also recently modified their holdings of the business. First Eagle Investment Management LLC lifted its holdings in Wheaton Precious Metals by 1.4% in the first quarter. First Eagle Investment Management LLC now owns 21,403,409 shares of the company's stock valued at $1,008,743,000 after acquiring an additional 292,968 shares during the period. Van ECK Associates Corp boosted its holdings in Wheaton Precious Metals by 1.0% during the second quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company's stock worth $1,047,621,000 after buying an additional 197,426 shares in the last quarter. Vanguard Group Inc. grew its position in Wheaton Precious Metals by 1.7% during the first quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company's stock worth $790,392,000 after buying an additional 272,918 shares during the period. Price T Rowe Associates Inc. MD grew its position in Wheaton Precious Metals by 16.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company's stock worth $344,483,000 after buying an additional 1,010,307 shares during the period. Finally, TD Asset Management Inc increased its holdings in Wheaton Precious Metals by 22.5% in the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock valued at $311,920,000 after buying an additional 1,092,480 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. TD Securities boosted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday. Scotiabank increased their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.88.

Wheaton Precious Metals Stock Performance

NYSE WPM traded up $0.41 during mid-day trading on Friday, reaching $64.82. 2,440,415 shares of the stock were exchanged, compared to its average volume of 1,775,140. The business's fifty day simple moving average is $62.79 and its 200 day simple moving average is $58.62. The stock has a market capitalization of $29.40 billion, a PE ratio of 48.37, a PEG ratio of 2.29 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The business had revenue of $299.06 million during the quarter, compared to the consensus estimate of $309.54 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The business's revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is currently 46.27%.

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.