Well Done LLC Buys 24,196 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Well Done LLC lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 173.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,108 shares of the company's stock after acquiring an additional 24,196 shares during the period. Well Done LLC's holdings in Wheaton Precious Metals were worth $2,328,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WPM. AdvisorNet Financial Inc boosted its stake in Wheaton Precious Metals by 6.1% during the second quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company's stock valued at $175,000 after buying an additional 190 shares during the period. Vontobel Holding Ltd. boosted its stake in Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company's stock valued at $2,110,000 after buying an additional 197 shares during the period. Capital International Inc. CA boosted its stake in Wheaton Precious Metals by 2.5% during the first quarter. Capital International Inc. CA now owns 8,308 shares of the company's stock valued at $392,000 after buying an additional 204 shares during the period. Western Pacific Wealth Management LP lifted its stake in Wheaton Precious Metals by 19.6% during the first quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company's stock worth $63,000 after purchasing an additional 218 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in Wheaton Precious Metals by 5.3% during the first quarter. Brookstone Capital Management now owns 4,771 shares of the company's stock worth $225,000 after purchasing an additional 240 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Price Performance

NYSE:WPM traded up $2.91 during mid-day trading on Friday, reaching $66.49. 2,068,118 shares of the company's stock traded hands, compared to its average volume of 1,763,814. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $66.75. The firm has a market capitalization of $30.16 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 2.18 and a beta of 0.78. The company has a 50 day moving average price of $61.09 and a 200-day moving average price of $57.03.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (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 company had revenue of $299.06 million for the quarter, compared to the consensus estimate of $309.54 million. During the same quarter in the previous year, the business earned $0.31 EPS. Wheaton Precious Metals's revenue was up 12.9% compared to the same quarter last year. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 0.93%. Wheaton Precious Metals's dividend payout ratio is presently 49.21%.

Analysts Set New Price Targets

Several brokerages have issued reports on WPM. National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. TD Securities dropped their price target on Wheaton Precious Metals from $71.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. CIBC lifted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 10th. Finally, Berenberg Bank lifted their price target on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, June 27th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $69.88.

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.