Capital Performance Advisors LLP Makes New Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

Capital Performance Advisors LLP purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,845 shares of the company’s stock, valued at approximately $113,000.

Several other institutional investors have also modified their holdings of the business. AdvisorNet Financial Inc grew its stake in shares of Wheaton Precious Metals by 6.1% in the second quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock worth $175,000 after acquiring an additional 190 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock worth $2,110,000 after purchasing an additional 197 shares in the last quarter. Capital International Inc. CA grew its stake in shares of Wheaton Precious Metals by 2.5% during the first quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock worth $392,000 after purchasing an additional 204 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Wheaton Precious Metals by 1.0% during the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock worth $1,318,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WPM shares. Scotiabank boosted 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 research note on Monday, August 19th. 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. 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. Jefferies Financial Group boosted their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average price target of $70.88.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $64.89 on Friday. The company has a 50-day simple moving average of $62.79 and a 200-day simple moving average of $58.57. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The stock has a market capitalization of $29.44 billion, a price-to-earnings ratio of 51.50, a PEG ratio of 2.29 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The business had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. As a group, research analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.96%. Wheaton Precious Metals’s payout ratio is 49.21%.

Wheaton Precious Metals Company 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.