Wilmington Savings Fund Society FSB Acquires New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Wilmington Savings Fund Society FSB bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,000 shares of the company's stock, valued at approximately $1,832,000.

Several other large investors have also recently added to or reduced their stakes in WPM. Ridgewood Investments LLC bought a new stake in shares of Wheaton Precious Metals in the second quarter worth $31,000. Abich Financial Wealth Management LLC acquired a new stake in Wheaton Precious Metals in the second quarter worth approximately $31,000. Sunbelt Securities Inc. acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $47,000. St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at $48,000. Finally, Dunhill Financial LLC grew its position in Wheaton Precious Metals by 200.9% during the 3rd quarter. Dunhill Financial LLC now owns 1,050 shares of the company's stock worth $64,000 after purchasing an additional 701 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 research analysts have weighed in on the stock. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Jefferies Financial Group increased their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. 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. UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a "buy" rating and a $78.00 price objective for the company. Finally, Raymond James boosted their target price 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. One investment 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 currently has an average rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Trading Down 1.4 %

Shares of NYSE:WPM traded down $0.84 during trading on Friday, hitting $60.56. 1,418,596 shares of the company were exchanged, compared to its average volume of 1,766,510. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The firm has a fifty day moving average price of $62.99 and a two-hundred day moving average price of $59.77. The stock has a market cap of $27.47 billion, a price-to-earnings ratio of 45.19, a P/E/G ratio of 1.77 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $308.25 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $0.27 earnings per share. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced 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 was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.02%. 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.