First Affirmative Financial Network Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

First Affirmative Financial Network bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,588 shares of the company's stock, valued at approximately $279,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp boosted its stake in shares of Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after buying an additional 1,231,999 shares during the last quarter. Vanguard Group Inc. increased its position in Wheaton Precious Metals by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock worth $994,733,000 after buying an additional 281,123 shares during the period. FMR LLC increased its position in Wheaton Precious Metals by 5.9% in the fourth quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after buying an additional 863,306 shares during the period. Royal Bank of Canada increased its holdings in shares of Wheaton Precious Metals by 5.0% during the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock valued at $530,057,000 after purchasing an additional 447,702 shares during the period. Finally, Norges Bank acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $472,648,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WPM. 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. Raymond James increased 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. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Scotiabank increased their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research report on Monday, April 14th. Finally, UBS Group increased their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of "Buy" and a consensus target price of $86.90.

Wheaton Precious Metals Trading Down 3.1%

Shares of NYSE WPM opened at $88.71 on Friday. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $95.23. The firm has a market capitalization of $40.26 billion, a PE ratio of 66.20, a PEG ratio of 1.91 and a beta of 0.46. The business has a 50-day moving average price of $82.23 and a two-hundred day moving average price of $70.69.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same period last year, the company posted $0.36 EPS. The business's quarterly revenue was up 58.4% compared to the same quarter last year. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. Wheaton Precious Metals's payout ratio is presently 48.53%.

Wheaton Precious Metals 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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