Atlas Wealth Partners LLC Buys Shares of 22,016 Wheaton Precious Metals Corp. (NYSE:WPM)

Atlas Wealth Partners LLC purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,016 shares of the company's stock, valued at approximately $1,345,000. Wheaton Precious Metals accounts for about 2.1% of Atlas Wealth Partners LLC's portfolio, making the stock its 10th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. Financial Sense Advisors Inc. boosted its holdings in shares of Wheaton Precious Metals by 54.0% in the first quarter. Financial Sense Advisors Inc. now owns 56,836 shares of the company's stock valued at $2,679,000 after acquiring an additional 19,924 shares during the period. Mediolanum International Funds Ltd purchased a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $1,752,000. Russell Investments Group Ltd. lifted its position in Wheaton Precious Metals by 8.5% during the first quarter. Russell Investments Group Ltd. now owns 878,049 shares of the company's stock valued at $41,227,000 after buying an additional 68,755 shares in the last quarter. SageView Advisory Group LLC purchased a new position in Wheaton Precious Metals in the 1st quarter worth approximately $770,000. Finally, Forge First Asset Management Inc. acquired a new stake in shares of Wheaton Precious Metals during the first quarter valued at about $4,817,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WPM shares. Scotiabank raised their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Jefferies Financial Group lifted their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Bank of America upped their target price on Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday, June 26th. CIBC increased their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Finally, National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and a consensus price target of $69.88.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM traded up $2.91 during trading on Friday, reaching $66.49. 2,068,677 shares of the stock traded hands, compared to its average volume of 1,763,814. The company has a 50-day moving average of $61.09 and a 200-day moving average of $57.09. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $66.75. The stock has a market capitalization of $30.16 billion, a P/E ratio of 51.15, a price-to-earnings-growth ratio of 2.18 and a beta of 0.78.

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

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.155 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.93%. Wheaton Precious Metals's payout ratio is 47.69%.

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.