GoalVest Advisory LLC Buys 1,500 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

GoalVest Advisory LLC raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 12.0% in the first quarter, Holdings Channel reports. The fund owned 13,950 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. GoalVest Advisory LLC’s holdings in Wheaton Precious Metals were worth $1,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $472,648,000. Capital International Investors bought a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $263,810,000. Arrowstreet Capital Limited Partnership bought a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $72,657,000. Van ECK Associates Corp raised its holdings in Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after buying an additional 1,231,999 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Wheaton Precious Metals by 54.4% in the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company’s stock valued at $181,227,000 after buying an additional 1,135,699 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an “outperform” rating and a $129.00 price objective for the company. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a report on Monday, April 14th. Finally, Royal Bank of Canada raised their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, April 4th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus target price of $85.90.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $86.14 on Friday. The company has a market capitalization of $39.09 billion, a PE ratio of 64.29, a P/E/G ratio of 1.91 and a beta of 0.49. The company has a 50 day simple moving average of $80.55 and a two-hundred day simple moving average of $69.38. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $87.42.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 48.53%.

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.