Janney Montgomery Scott LLC Buys 3,750 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Janney Montgomery Scott LLC lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,043 shares of the company's stock after purchasing an additional 3,750 shares during the quarter. Janney Montgomery Scott LLC's holdings in Wheaton Precious Metals were worth $3,186,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Promus Capital LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $38,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $39,000. Headlands Technologies LLC increased its stake in shares of Wheaton Precious Metals by 494.9% during the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after purchasing an additional 579 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $41,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Up 0.8%

Wheaton Precious Metals stock traded up $0.71 during mid-day trading on Wednesday, reaching $89.28. The company had a trading volume of 1,404,745 shares, compared to its average volume of 1,695,616. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $95.23. The company has a 50 day moving average of $85.68 and a 200-day moving average of $73.12. The firm has a market cap of $40.53 billion, a price-to-earnings ratio of 65.65, a PEG ratio of 2.71 and a beta of 0.46.

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

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued 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%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank Of Canada increased their price target 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. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group increased their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. CIBC raised their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. Finally, Raymond James Financial raised their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and an average target price of $86.90.

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.