6,841 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,841 shares of the company's stock, valued at approximately $531,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Focus Financial Network Inc. bought a new position in Wheaton Precious Metals during the first quarter valued at about $235,000. Assenagon Asset Management S.A. increased its holdings in shares of Wheaton Precious Metals by 21.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 22,515 shares of the company's stock valued at $1,747,000 after acquiring an additional 3,995 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Wheaton Precious Metals during the 1st quarter valued at about $52,000. First Affirmative Financial Network bought a new position in shares of Wheaton Precious Metals in the 1st quarter valued at approximately $279,000. Finally, Wealth Alliance Advisory Group LLC acquired a new stake in Wheaton Precious Metals in the 1st quarter worth approximately $235,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WPM has been the topic of several analyst reports. CIBC increased their price target on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. UBS Group upped their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, Raymond James Financial raised their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Buy" and a consensus target price of $86.90.

Wheaton Precious Metals Stock Down 0.2%

WPM stock opened at $91.08 on Thursday. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $95.23. The company has a market cap of $41.34 billion, a PE ratio of 66.97, a price-to-earnings-growth ratio of 2.85 and a beta of 0.46. The business's 50-day simple moving average is $84.93 and its 200 day simple moving average is $72.18.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. Wheaton Precious Metals's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.72%. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

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.

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