Farther Finance Advisors LLC Buys 1,139 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Farther Finance Advisors LLC lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 62.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,964 shares of the company’s stock after purchasing an additional 1,139 shares during the period. Farther Finance Advisors LLC’s holdings in Wheaton Precious Metals were worth $167,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WPM. Principal Financial Group Inc. grew its holdings 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 during the last quarter. Natixis Advisors LLC grew its holdings in shares of Wheaton Precious Metals by 13.2% during the third quarter. Natixis Advisors LLC now owns 62,683 shares of the company’s stock worth $3,829,000 after purchasing an additional 7,332 shares during the last quarter. MAI Capital Management grew its holdings in shares of Wheaton Precious Metals by 4.5% during the third quarter. MAI Capital Management now owns 8,054 shares of the company’s stock worth $492,000 after purchasing an additional 346 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of Wheaton Precious Metals by 0.8% during the third quarter. Prospera Financial Services Inc now owns 87,251 shares of the company’s stock worth $5,329,000 after purchasing an additional 675 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Wheaton Precious Metals by 5.6% during the third quarter. PNC Financial Services Group Inc. now owns 33,409 shares of the company’s stock worth $2,041,000 after purchasing an additional 1,768 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.0 %

Wheaton Precious Metals stock opened at $76.28 on Thursday. The business’s 50-day simple moving average is $65.86 and its 200 day simple moving average is $62.99. The stock has a market cap of $34.61 billion, a price-to-earnings ratio of 56.93, a P/E/G ratio of 1.91 and a beta of 0.76. Wheaton Precious Metals Corp. has a 12-month low of $43.18 and a 12-month high of $77.44.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same period in the previous year, the company posted $0.36 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a $0.165 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.87%. Wheaton Precious Metals’s dividend payout ratio is presently 49.25%.

Wall Street Analysts Forecast Growth

WPM has been the topic of several research analyst reports. Scotiabank increased their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a report on Monday. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and an average price target of $72.44.

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.