3,588 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Purchased by First Affirmative Financial Network

First Affirmative Financial Network acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,588 shares of the company's stock, valued at approximately $279,000.

Several other large investors have also modified their holdings of WPM. Wealth Alliance Advisory Group LLC purchased a new stake in shares of Wheaton Precious Metals during the first quarter valued at $235,000. Veracity Capital LLC lifted its holdings in Wheaton Precious Metals by 3.4% during the 1st quarter. Veracity Capital LLC now owns 7,326 shares of the company's stock valued at $569,000 after buying an additional 244 shares in the last quarter. Apella Capital LLC bought a new position in Wheaton Precious Metals in the 1st quarter worth about $223,000. Merit Financial Group LLC grew its stake in Wheaton Precious Metals by 5.2% in the 1st quarter. Merit Financial Group LLC now owns 5,069 shares of the company's stock worth $394,000 after acquiring an additional 251 shares in the last quarter. Finally, GoalVest Advisory LLC increased its position in shares of Wheaton Precious Metals by 12.0% during the first quarter. GoalVest Advisory LLC now owns 13,950 shares of the company's stock worth $1,083,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WPM. UBS Group boosted their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Raymond James raised their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Royal Bank of Canada upped their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Finally, National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average target price of $86.90.

Wheaton Precious Metals Stock Up 1.1%

Shares of Wheaton Precious Metals stock traded up $0.95 on Wednesday, reaching $89.12. The stock had a trading volume of 943,096 shares, compared to its average volume of 1,683,438. The stock has a market capitalization of $40.45 billion, a P/E ratio of 66.51, a P/E/G ratio of 1.91 and a beta of 0.46. The company has a 50 day moving average price of $82.65 and a 200 day moving average price of $71.04. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same period in the previous year, the company earned $0.36 earnings per share. The business's revenue for the quarter was up 58.4% on a year-over-year basis. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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 $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

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.