CreativeOne Wealth LLC Invests $217,000 in Wheaton Precious Metals Corp. $WPM

Key Points

• CreativeOne Wealth LLC invested approximately $217,000 in Wheaton Precious Metals Corp., acquiring 2,795 shares in the first quarter.
• The company reported earnings of $0.63 per share for the last quarter, exceeding expectations, with a revenue increase of 68.2% year-over-year.
• Wheaton Precious Metals announced a quarterly dividend of $0.165 per share, with a yield of 0.6% and a payout ratio of 38.15%.

CreativeOne Wealth LLC acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,795 shares of the company's stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC raised its stake in shares of Wheaton Precious Metals by 5.5% in the 1st quarter. Cerity Partners LLC now owns 20,271 shares of the company's stock worth $1,574,000 after buying an additional 1,058 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Wheaton Precious Metals by 37.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company's stock worth $630,000 after buying an additional 2,208 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Wheaton Precious Metals by 5.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company's stock worth $419,000 after buying an additional 297 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Wheaton Precious Metals in the 1st quarter worth $531,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Wheaton Precious Metals by 34.6% in the 1st quarter. Principal Financial Group Inc. now owns 25,244 shares of the company's stock worth $1,959,000 after acquiring an additional 6,486 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $101.56 on Wednesday. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $103.81. The stock's 50-day moving average is $93.44 and its two-hundred day moving average is $84.55. The stock has a market cap of $46.10 billion, a PE ratio of 58.71, a price-to-earnings-growth ratio of 2.77 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $503.22 million for the quarter, compared to analysts' expectations of $424.23 million. During the same quarter in the previous year, the business posted $0.33 EPS. The business's revenue for the quarter was up 68.2% on a year-over-year basis. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Wheaton Precious Metals's payout ratio is 38.15%.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Scotiabank lifted their target price on Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. UBS Group set a $106.00 target price on Wheaton Precious Metals and gave the stock a "neutral" rating in a report on Monday, August 11th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals presently has an average rating of "Moderate Buy" and an average target price of $97.33.

Wheaton Precious Metals Company 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.

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