KOM Wealth Management Group LLC cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 33.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,405 shares of the company’s stock after selling 6,632 shares during the quarter. Wheaton Precious Metals accounts for about 0.9% of KOM Wealth Management Group LLC’s portfolio, making the stock its 15th biggest position. KOM Wealth Management Group LLC’s holdings in Wheaton Precious Metals were worth $1,793,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of Wheaton Precious Metals by 2.0% during the third quarter. AdvisorNet Financial Inc now owns 3,865 shares of the company’s stock valued at $501,000 after buying an additional 77 shares during the last quarter. Cornerstone Financial Management LLC grew its holdings in Wheaton Precious Metals by 16.5% during the second quarter. Cornerstone Financial Management LLC now owns 565 shares of the company’s stock worth $63,000 after buying an additional 80 shares in the last quarter. Mather Group LLC. grew its holdings in Wheaton Precious Metals by 36.4% during the third quarter. Mather Group LLC. now owns 352 shares of the company’s stock worth $47,000 after buying an additional 94 shares in the last quarter. Hollencrest Capital Management raised its position in Wheaton Precious Metals by 73.5% in the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Finally, O Domhnaill Enterprises Inc. raised its position in Wheaton Precious Metals by 0.3% in the 1st quarter. O Domhnaill Enterprises Inc. now owns 31,690 shares of the company’s stock valued at $4,152,000 after buying an additional 101 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.
Wheaton Precious Metals Price Performance
Wheaton Precious Metals stock opened at $133.18 on Friday. Wheaton Precious Metals Corp. has a 52 week low of $92.57 and a 52 week high of $165.76. The company’s 50 day moving average price is $144.52 and its two-hundred day moving average price is $131.61. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. The stock has a market cap of $60.49 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.36 and a beta of 0.54.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $878.00 million for the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%. The company’s revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 4.80 earnings per share for the current year.
Wheaton Precious Metals Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.
Analysts Set New Price Targets
Several brokerages have weighed in on WPM. UBS Group raised their price objective on Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Bank of America cut their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada upped their target price on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Scotiabank lowered their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Finally, Jefferies Financial Group lowered their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a report on Monday, July 6th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus price target of $172.11.
Check Out Our Latest Stock Analysis on WPM
Wheaton Precious Metals Profile
Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.
Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.
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