HighTower Advisors LLC Has $14.38 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

HighTower Advisors LLC lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 61.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 235,675 shares of the company's stock after purchasing an additional 89,671 shares during the quarter. HighTower Advisors LLC owned 0.05% of Wheaton Precious Metals worth $14,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers raised its position in Wheaton Precious Metals by 80.1% during the first quarter. Cetera Investment Advisers now owns 37,250 shares of the company's stock valued at $1,756,000 after acquiring an additional 16,570 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Wheaton Precious Metals in the first quarter valued at approximately $400,000. CWM LLC raised its position in shares of Wheaton Precious Metals by 10.7% in the second quarter. CWM LLC now owns 3,040 shares of the company's stock valued at $159,000 after purchasing an additional 295 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Wheaton Precious Metals in the second quarter worth $2,891,000. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Wheaton Precious Metals by 54.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 10,480 shares of the company's stock worth $549,000 after acquiring an additional 3,680 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WPM has been the topic of several research analyst reports. Jefferies Financial Group raised their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Stifel Canada downgraded shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Raymond James raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Scotiabank lifted their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Finally, National Bank Financial upgraded shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of "Moderate Buy" and an average price target of $71.67.

Wheaton Precious Metals Trading Down 2.5 %

Shares of Wheaton Precious Metals stock traded down $1.60 during trading on Friday, reaching $61.33. The company's stock had a trading volume of 1,062,204 shares, compared to its average volume of 1,745,982. The stock has a 50-day moving average price of $62.89 and a two-hundred day moving average price of $59.62. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The stock has a market capitalization of $27.82 billion, a P/E ratio of 45.77, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75.

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

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.01%. 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.