3,025 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Purchased by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,025 shares of the company's stock, valued at approximately $235,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after purchasing an additional 216 shares in the last quarter. DAVENPORT & Co LLC increased its position in Wheaton Precious Metals by 2.1% during the fourth quarter. DAVENPORT & Co LLC now owns 40,534 shares of the company's stock worth $2,280,000 after buying an additional 822 shares in the last quarter. Choreo LLC raised its holdings in shares of Wheaton Precious Metals by 4.8% in the fourth quarter. Choreo LLC now owns 10,814 shares of the company's stock worth $607,000 after acquiring an additional 494 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of Wheaton Precious Metals by 3.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 61,110 shares of the company's stock worth $3,437,000 after acquiring an additional 2,197 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Wheaton Precious Metals in the 4th quarter valued at about $62,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WPM shares. Raymond James raised their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. UBS Group raised their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Royal Bank of Canada increased their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday. Finally, CIBC boosted their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and a consensus price target of $86.90.

Wheaton Precious Metals Stock Down 1.3%

NYSE:WPM traded down $1.16 during trading hours on Thursday, reaching $91.59. 2,642,685 shares of the stock were exchanged, compared to its average volume of 1,679,760. The stock has a market capitalization of $41.57 billion, a P/E ratio of 68.35, a P/E/G ratio of 1.91 and a beta of 0.49. The firm has a 50 day simple moving average of $81.72 and a 200-day simple moving average of $70.25. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $95.18.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm's revenue for the quarter was up 58.4% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. As a group, analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share 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. Investors of record on Wednesday, May 28th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.72%. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

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.