Janney Montgomery Scott LLC Grows Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Janney Montgomery Scott LLC has increased its stake in Wheaton Precious Metals Corp. by 13.3% in the second quarter, amounting to 46,510 shares valued at $4.17 million.
• The company reported an EPS of $0.63 for the last quarter, exceeding analyst expectations of $0.58, with revenue up 68.2% year-over-year to $503.22 million.
• Wheaton Precious Metals recently declared a quarterly dividend of $0.165, representing an annualized dividend yield of 0.6%.

Janney Montgomery Scott LLC increased its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 13.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,510 shares of the company's stock after acquiring an additional 5,467 shares during the quarter. Janney Montgomery Scott LLC's holdings in Wheaton Precious Metals were worth $4,177,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bulwark Capital Corp purchased a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $27,000. NBT Bank N A NY lifted its position in shares of Wheaton Precious Metals by 129.3% in the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after buying an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in Wheaton Precious Metals during the first quarter valued at approximately $38,000. Banque Cantonale Vaudoise bought a new position in Wheaton Precious Metals during the first quarter valued at approximately $49,000. Finally, Penserra Capital Management LLC lifted its stake in shares of Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $108.34 on Wednesday. The business has a 50 day simple moving average of $101.61 and a two-hundred day simple moving average of $90.83. Wheaton Precious Metals Corp. has a 12 month low of $55.47 and a 12 month high of $114.00. The stock has a market capitalization of $49.18 billion, a P/E ratio of 62.62, a PEG ratio of 2.95 and a beta of 0.41.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $503.22 million during the quarter, compared to analysts' expectations of $424.23 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business's revenue was up 68.2% compared to the same quarter last year. As a group, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals's dividend payout ratio is 38.15%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Scotiabank raised their price objective on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. CIBC raised their price target on Wheaton Precious Metals from $130.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, September 25th. UBS Group lifted their price target on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a "neutral" rating in a report on Friday, September 19th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, Raymond James Financial boosted their price target on Wheaton Precious Metals from $112.00 to $114.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. One investment 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $109.75.

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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