Spire Wealth Management Has $689,000 Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Spire Wealth Management boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 56.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,877 shares of the company's stock after buying an additional 3,200 shares during the period. Spire Wealth Management's holdings in Wheaton Precious Metals were worth $689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in Wheaton Precious Metals by 172.5% during the 4th quarter. IFP Advisors Inc now owns 2,153 shares of the company's stock valued at $121,000 after acquiring an additional 1,363 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Wheaton Precious Metals by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after purchasing an additional 33,256 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in Wheaton Precious Metals by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 176,630 shares of the company's stock valued at $9,937,000 after purchasing an additional 2,900 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Wheaton Precious Metals by 5,754.4% in the 4th quarter. Proficio Capital Partners LLC now owns 485,914 shares of the company's stock valued at $27,328,000 after buying an additional 477,614 shares during the period. Finally, US Bancorp DE increased its stake in Wheaton Precious Metals by 35.0% in the 4th quarter. US Bancorp DE now owns 9,673 shares of the company's stock valued at $544,000 after buying an additional 2,506 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WPM. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. CIBC upped their target price on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. BMO Capital Markets started coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target for the company. Finally, Royal Bank Of Canada boosted their price target on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $92.75.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $87.30 on Friday. The stock's 50 day simple moving average is $85.86 and its 200 day simple moving average is $73.56. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $95.23. The company has a market capitalization of $39.63 billion, a price-to-earnings ratio of 64.19, a PEG ratio of 2.66 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS 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 company had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same quarter last year, the firm posted $0.36 earnings per share. The company's quarterly revenue was up 58.4% compared to the same quarter last year. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is 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.

Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp. (NYSE:WPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.