Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Veracity Capital LLC

Veracity Capital LLC boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,082 shares of the company’s stock after purchasing an additional 348 shares during the quarter. Veracity Capital LLC’s holdings in Wheaton Precious Metals were worth $398,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Wheaton Precious Metals by 7.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 56,849 shares of the company’s stock valued at $2,980,000 after buying an additional 4,098 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Wheaton Precious Metals by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 569,011 shares of the company’s stock valued at $29,829,000 after acquiring an additional 24,428 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Wheaton Precious Metals during the second quarter worth about $214,000. AE Wealth Management LLC acquired a new stake in shares of Wheaton Precious Metals during the second quarter worth about $907,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Wheaton Precious Metals by 9.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 31,532 shares of the company’s stock valued at $1,653,000 after purchasing an additional 2,600 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WPM. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Jefferies Financial Group raised their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. Finally, Raymond James upped their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Performance

WPM stock opened at $58.94 on Friday. The stock has a market capitalization of $26.74 billion, a PE ratio of 43.98, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. The company has a fifty day moving average of $59.44 and a 200-day moving average of $60.53. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting 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 firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter last year, the firm earned $0.27 earnings per share. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.05%. 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.