Sequoia Financial Advisors LLC Buys 2,421 Shares of Wheaton Precious Metals Corp. $WPM

Sequoia Financial Advisors LLC raised its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 44.9% in the 2nd quarter, Holdings Channel reports. The firm owned 7,813 shares of the company’s stock after acquiring an additional 2,421 shares during the period. Sequoia Financial Advisors LLC’s holdings in Wheaton Precious Metals were worth $702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WPM. Janney Montgomery Scott LLC boosted its holdings in shares of Wheaton Precious Metals by 10.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,043 shares of the company’s stock valued at $3,186,000 after purchasing an additional 3,750 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Wheaton Precious Metals in the 1st quarter valued at about $229,000. Kingswood Wealth Advisors LLC lifted its holdings in shares of Wheaton Precious Metals by 17.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,716 shares of the company’s stock valued at $598,000 after acquiring an additional 1,140 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Wheaton Precious Metals by 2.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 20,390 shares of the company’s stock valued at $1,583,000 after acquiring an additional 490 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Wheaton Precious Metals by 49.2% in the 1st quarter. Blue Trust Inc. now owns 7,868 shares of the company’s stock valued at $611,000 after acquiring an additional 2,594 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WPM. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wheaton Precious Metals in a report on Wednesday, October 8th. Berenberg Bank increased their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, September 12th. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. CIBC increased their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Finally, Scotiabank raised their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.89.

Read Our Latest Stock Report on Wheaton Precious Metals

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $104.68 on Friday. The company has a market cap of $47.52 billion, a P/E ratio of 60.51, a PEG ratio of 2.79 and a beta of 0.41. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.36. The firm has a 50-day simple moving average of $103.49 and a two-hundred day simple moving average of $92.56.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 38.15%.

Wheaton Precious Metals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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