Uncommon Cents Investing Inc Acquires 6,320 Shares of Wheaton Precious Metals Corp. $WPM

Uncommon Cents Investing Inc grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 60.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,775 shares of the company’s stock after buying an additional 6,320 shares during the quarter. Uncommon Cents Investing Inc’s holdings in Wheaton Precious Metals were worth $2,243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. AdvisorNet Financial Inc lifted its stake in shares of Wheaton Precious Metals by 2.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,865 shares of the company’s stock valued at $501,000 after acquiring an additional 77 shares during the last quarter. Cornerstone Financial Management LLC boosted its holdings in Wheaton Precious Metals by 16.5% during the 2nd quarter. Cornerstone Financial Management LLC now owns 565 shares of the company’s stock valued at $63,000 after acquiring an additional 80 shares during the period. Mather Group LLC. boosted its holdings in Wheaton Precious Metals by 36.4% during the 3rd quarter. Mather Group LLC. now owns 352 shares of the company’s stock valued at $47,000 after acquiring an additional 94 shares during the period. Hollencrest Capital Management boosted its holdings in Wheaton Precious Metals by 73.5% during the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Finally, O Domhnaill Enterprises Inc. grew its position in Wheaton Precious Metals by 0.3% during the 1st quarter. O Domhnaill Enterprises Inc. now owns 31,690 shares of the company’s stock worth $4,152,000 after acquiring an additional 101 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WPM has been the topic of a number of analyst reports. Weiss Ratings raised Wheaton Precious Metals from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 9th. Scotiabank lowered their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Bank of America lowered their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a research note on Tuesday, July 28th. Finally, UBS Group increased their price objective on Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $172.11.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $131.07 on Wednesday. The firm has a market cap of $59.53 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. Wheaton Precious Metals Corp. has a 12-month low of $92.57 and a 12-month high of $165.76. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $144.41 and its two-hundred day simple moving average is $131.65.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 4.69 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.1950 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 17.29%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.