Cliftonlarsonallen Wealth Advisors LLC Increases Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 6.7% in the third quarter, HoldingsChannel reports. The firm owned 12,685 shares of the company’s stock after acquiring an additional 797 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $775,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. TD Asset Management Inc lifted its position in shares of Wheaton Precious Metals by 71.2% in the first quarter. TD Asset Management Inc now owns 4,857,837 shares of the company’s stock valued at $229,026,000 after acquiring an additional 2,019,722 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in Wheaton Precious Metals by 593.5% in the 2nd quarter. AMF Tjanstepension AB now owns 1,608,134 shares of the company’s stock valued at $84,388,000 after purchasing an additional 1,376,231 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Wheaton Precious Metals by 31.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,672,800 shares of the company’s stock worth $272,975,000 after purchasing an additional 1,342,264 shares during the last quarter. Barings LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth about $65,405,000. Finally, Price T Rowe Associates Inc. MD raised its position 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 buying an additional 1,010,307 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Bank of America raised their target price on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Raymond James lifted their price objective on Wheaton Precious Metals from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. TD Securities dropped their target price on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Berenberg Bank raised their price target on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and an average target price of $69.88.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $60.91 on Tuesday. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $64.82. The firm has a market capitalization of $27.63 billion, a P/E ratio of 48.34, a P/E/G ratio of 2.20 and a beta of 0.78. The business’s 50-day simple moving average is $60.37 and its 200-day simple moving average is $56.71.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share 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 firm had revenue of $299.06 million for the quarter, compared to analysts’ expectations of $309.54 million. During the same period in the previous year, the company posted $0.31 earnings per share. Wheaton Precious Metals’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.43 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.02%. 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.