3,559 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Bought by Empower Advisory Group LLC

Empower Advisory Group LLC acquired a new stake 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 institutional investor acquired 3,559 shares of the company’s stock, valued at approximately $217,000.

Several other large investors also recently bought and sold shares of WPM. Ridgewood Investments LLC purchased a new position in shares of Wheaton Precious Metals during the second quarter worth approximately $31,000. Abich Financial Wealth Management LLC acquired a new stake in Wheaton Precious Metals during the 2nd quarter worth $31,000. St. Johns Investment Management Company LLC purchased a new position in Wheaton Precious Metals during the 3rd quarter worth $48,000. Sunbelt Securities Inc. acquired a new position in Wheaton Precious Metals in the second quarter valued at $47,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Wheaton Precious Metals by 25.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after buying an additional 253 shares during 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 issued reports on the company. Scotiabank raised their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Raymond James upped their price target on 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 raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.88.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $58.68 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64. The business’s fifty day moving average price is $62.76 and its 200 day moving average price is $58.79. The firm has a market capitalization of $26.62 billion, a PE ratio of 43.79, a P/E/G ratio of 2.15 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same period in the prior year, the company posted $0.27 EPS. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 yield of 1.06%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

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.