Captrust Financial Advisors Purchases 1,362 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Captrust Financial Advisors grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,718 shares of the company’s stock after purchasing an additional 1,362 shares during the quarter. Captrust Financial Advisors’ holdings in Wheaton Precious Metals were worth $2,670,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WPM. Ridgewood Investments LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new stake in Wheaton Precious Metals in the second quarter worth about $31,000. Sunbelt Securities Inc. purchased a new stake in Wheaton Precious Metals in the second quarter worth about $47,000. St. Johns Investment Management Company LLC purchased a new stake in Wheaton Precious Metals in the third quarter worth about $48,000. Finally, First Horizon Advisors Inc. purchased a new stake in Wheaton Precious Metals in the third quarter worth about $67,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 0.0 %

WPM opened at $62.95 on Friday. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $68.64. The company has a market cap of $28.56 billion, a P/E ratio of 46.98, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75. The firm’s 50-day moving average price is $62.92 and its 200-day moving average price is $59.56.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be issued a $0.155 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 0.98%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WPM. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. TD Securities increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Raymond James increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group increased their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.67.

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.