Pure Financial Advisors LLC Acquires Shares of 5,363 Wheaton Precious Metals Corp. $WPM

Pure Financial Advisors LLC acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, Holdings Channel reports. The institutional investor acquired 5,363 shares of the company’s stock, valued at approximately $602,000.

Other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after acquiring an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its stake in Wheaton Precious Metals by 245.5% during the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock worth $29,000 after acquiring an additional 162 shares during the last quarter. Navalign LLC purchased a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $30,000. Finally, Hollencrest Capital Management lifted its stake in shares of 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 purchasing an additional 100 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on WPM. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Bank of America dropped their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group dropped their target price on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.55.

Wheaton Precious Metals Trading Down 4.9%

NYSE:WPM opened at $155.75 on Thursday. The firm has a 50-day simple moving average of $121.21 and a 200-day simple moving average of $130.97. Wheaton Precious Metals Corp. has a one year low of $92.57 and a one year high of $165.76. The firm has a market cap of $70.74 billion, a P/E ratio of 34.53, a P/E/G ratio of 2.89 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating 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 net margin of 64.66% and a return on equity of 21.97%. The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 4.79 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.