Flagship Wealth Advisors LLC Invests $41,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Flagship Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 724 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $29,000. Promus Capital LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $38,000. Laurel Wealth Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. 70.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WPM has been the subject of several recent research reports. Scotiabank lifted their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the company 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. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus price target of $72.44.

Wheaton Precious Metals Price Performance

WPM opened at $75.97 on Tuesday. The business’s 50-day moving average is $65.11 and its two-hundred day moving average is $62.80. Wheaton Precious Metals Corp. has a 1 year low of $43.18 and a 1 year high of $77.35. The firm has a market capitalization of $34.47 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) 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 analysts’ expectations of $395.74 million. During the same quarter last year, the firm earned $0.36 EPS. Wheaton Precious Metals’s revenue for the quarter was up 21.4% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. 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.