Icon Wealth Advisors LLC Invests $116,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Icon Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the third quarter, HoldingsChannel.com reports. The firm purchased 1,892 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors have also recently modified their holdings of the business. Van ECK Associates Corp boosted its stake in shares of Wheaton Precious Metals by 1.0% in the second quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock valued at $1,047,621,000 after buying an additional 197,426 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Wheaton Precious Metals by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock valued at $344,483,000 after purchasing an additional 1,010,307 shares in the last quarter. TD Asset Management Inc grew its position in shares of Wheaton Precious Metals by 22.5% in the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock valued at $311,920,000 after purchasing an additional 1,092,480 shares during the last quarter. Cibc World Market Inc. increased its stake in shares of Wheaton Precious Metals by 3.1% during the 2nd quarter. Cibc World Market Inc. now owns 3,574,648 shares of the company’s stock worth $187,490,000 after purchasing an additional 108,976 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Wheaton Precious Metals by 10.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company’s stock valued at $140,099,000 after buying an additional 218,575 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Up 0.5 %

Shares of NYSE:WPM opened at $63.81 on Monday. The company has a fifty day simple moving average of $63.01 and a 200 day simple moving average of $59.20. The firm has a market cap of $28.95 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $308.25 million during 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 period last year, the firm earned $0.27 earnings per share. As a group, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 46.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TD Securities boosted their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Scotiabank lifted their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. UBS Group began coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.67.

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.