Farther Finance Advisors LLC Purchases 1,139 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Farther Finance Advisors LLC lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 62.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,964 shares of the company’s stock after buying an additional 1,139 shares during the quarter. Farther Finance Advisors LLC’s holdings in Wheaton Precious Metals were worth $167,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in WPM. Principal Financial Group Inc. boosted its position in Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after purchasing an additional 196 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Wheaton Precious Metals by 13.2% during the third quarter. Natixis Advisors LLC now owns 62,683 shares of the company’s stock worth $3,829,000 after buying an additional 7,332 shares during the last quarter. MAI Capital Management lifted its holdings in shares of Wheaton Precious Metals by 4.5% during the third quarter. MAI Capital Management now owns 8,054 shares of the company’s stock worth $492,000 after buying an additional 346 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in shares of Wheaton Precious Metals by 0.8% during the third quarter. Prospera Financial Services Inc now owns 87,251 shares of the company’s stock worth $5,329,000 after buying an additional 675 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 5.6% during the third quarter. PNC Financial Services Group Inc. now owns 33,409 shares of the company’s stock worth $2,041,000 after buying an additional 1,768 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

WPM has been the subject of a number of research analyst reports. Scotiabank upped their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a report on Monday. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $72.44.

Wheaton Precious Metals Trading Up 1.0 %

Shares of NYSE WPM opened at $76.28 on Thursday. The business has a fifty day simple moving average of $65.86 and a 200 day simple moving average of $62.99. The firm has a market capitalization of $34.61 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 1.91 and a beta of 0.76. Wheaton Precious Metals Corp. has a one year low of $43.18 and a one year high of $77.44.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same quarter last year, the company earned $0.36 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is 49.25%.

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.