Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Dunhill Financial LLC

Dunhill Financial LLC boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 200.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,050 shares of the company’s stock after purchasing an additional 701 shares during the period. Dunhill Financial LLC’s holdings in Wheaton Precious Metals were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth about $31,000. Abich Financial Wealth Management LLC bought a new position in Wheaton Precious Metals in the 2nd quarter worth about $31,000. Sunbelt Securities Inc. acquired a new stake in shares of Wheaton Precious Metals in the second quarter valued at approximately $47,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Wheaton Precious Metals in the third quarter valued at approximately $48,000. Finally, First Horizon Advisors Inc. bought a new stake in shares of Wheaton Precious Metals during the third quarter valued at approximately $67,000. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $61.33 on Friday. The firm has a market cap of $27.82 billion, a price-to-earnings ratio of 45.77, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The firm’s 50 day moving average price is $62.89 and its two-hundred day moving average price is $59.60.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. 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 previous year, the firm posted $0.27 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.01%. Wheaton Precious Metals’s payout ratio is presently 46.27%.

About Wheaton Precious Metals

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.