Private Advisor Group LLC Has $494,000 Stake in Wheaton Precious Metals Corp (WPM)

Private Advisor Group LLC increased its position in Wheaton Precious Metals Corp (NYSE:WPM) by 52.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,206 shares of the company’s stock after purchasing an additional 9,687 shares during the quarter. Private Advisor Group LLC’s holdings in Wheaton Precious Metals were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Wheaton Precious Metals by 3.9% in the second quarter. Van ECK Associates Corp now owns 20,306,408 shares of the company’s stock valued at $447,961,000 after purchasing an additional 753,871 shares during the period. Tocqueville Asset Management L.P. boosted its stake in shares of Wheaton Precious Metals by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 3,140,190 shares of the company’s stock valued at $69,273,000 after purchasing an additional 10,510 shares during the period. Toronto Dominion Bank boosted its stake in shares of Wheaton Precious Metals by 50.3% in the second quarter. Toronto Dominion Bank now owns 3,042,568 shares of the company’s stock valued at $67,044,000 after purchasing an additional 1,018,780 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Wheaton Precious Metals by 122.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,775,292 shares of the company’s stock valued at $31,068,000 after purchasing an additional 977,222 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Wheaton Precious Metals by 5.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,621,937 shares of the company’s stock valued at $35,807,000 after purchasing an additional 78,540 shares during the period. Institutional investors and hedge funds own 54.73% of the company’s stock.

Several research analysts have recently weighed in on the stock. Deutsche Bank set a $25.00 target price on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research note on Tuesday, October 2nd. ValuEngine downgraded shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Raymond James upped their target price on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. Barclays assumed coverage on shares of Wheaton Precious Metals in a research note on Wednesday, October 10th. They issued an “overweight” rating for the company. Finally, TheStreet downgraded shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Monday, November 12th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.60.

WPM opened at $15.85 on Friday. The firm has a market capitalization of $7.24 billion, a P/E ratio of 25.16, a P/E/G ratio of 6.31 and a beta of 0.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.04 and a current ratio of 8.04. Wheaton Precious Metals Corp has a 12-month low of $15.08 and a 12-month high of $22.86.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Wednesday, November 14th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $185.77 million during the quarter, compared to analyst estimates of $191.11 million. Wheaton Precious Metals had a net margin of 33.64% and a return on equity of 5.14%. The company’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, equities research analysts anticipate that Wheaton Precious Metals Corp will post 0.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.36 annualized dividend and a yield of 2.27%. Wheaton Precious Metals’s dividend payout ratio is presently 57.14%.

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Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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