Linden Thomas Advisory Services LLC Purchases New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Linden Thomas Advisory Services LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,841 shares of the company's stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WPM. NBT Bank N A NY raised its holdings in Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares during the last quarter. Headlands Technologies LLC raised its holdings in Wheaton Precious Metals by 494.9% during the fourth 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. Flagship Wealth Advisors LLC acquired a new position in Wheaton Precious Metals during the fourth quarter worth $41,000. Princeton Global Asset Management LLC acquired a new position in Wheaton Precious Metals during the first quarter worth $52,000. Finally, Penserra Capital Management LLC raised its holdings in Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock worth $57,000 after purchasing an additional 707 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 1.3%

Wheaton Precious Metals stock opened at $91.03 on Friday. The firm has a market capitalization of $41.32 billion, a P/E ratio of 66.93, a PEG ratio of 2.64 and a beta of 0.46. The stock has a fifty day moving average price of $87.39 and a 200 day moving average price of $75.61. Wheaton Precious Metals Corp. has a 52 week low of $53.05 and a 52 week high of $95.23.

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

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.73%. Wheaton Precious Metals's payout ratio is currently 48.53%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WPM. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Raymond James Financial boosted their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Scotiabank boosted their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target for the company. Finally, Berenberg Bank boosted their price target on Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $93.00.

About Wheaton Precious Metals

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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