Creative Financial Designs Inc. ADV Grows Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Creative Financial Designs Inc. ADV raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 64.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,942 shares of the company’s stock after purchasing an additional 2,321 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Wheaton Precious Metals were worth $363,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its stake in Wheaton Precious Metals by 1.4% in the first quarter. First Eagle Investment Management LLC now owns 21,403,409 shares of the company’s stock valued at $1,008,743,000 after acquiring an additional 292,968 shares during the period. Van ECK Associates Corp raised its holdings in Wheaton Precious Metals by 1.0% during the second quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock worth $1,047,621,000 after purchasing an additional 197,426 shares in the last quarter. Vanguard Group Inc. raised its holdings in Wheaton Precious Metals by 1.7% during the first quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock worth $790,392,000 after purchasing an additional 272,918 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Wheaton Precious Metals by 16.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock worth $344,483,000 after purchasing an additional 1,010,307 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Wheaton Precious Metals by 22.5% during the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock worth $311,920,000 after purchasing an additional 1,092,480 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group upped their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Raymond James upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Finally, TD Securities cut their target price on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.25.

Wheaton Precious Metals Trading Down 1.3 %

Shares of Wheaton Precious Metals stock opened at $65.13 on Friday. The stock has a market capitalization of $29.55 billion, a price-to-earnings ratio of 51.69, a P/E/G ratio of 2.40 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64. The firm’s 50-day moving average price is $62.53 and its two-hundred day moving average price is $58.14.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $299.06 million during the quarter, compared to analyst estimates of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. Wheaton Precious Metals’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio is presently 49.21%.

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.