Cetera Investment Advisers Acquires 17,647 Shares of Wheaton Precious Metals Corp. $WPM

Cetera Investment Advisers grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 16.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,077 shares of the company’s stock after acquiring an additional 17,647 shares during the quarter. Cetera Investment Advisers’ holdings in Wheaton Precious Metals were worth $16,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WPM. Parvin Asset Management LLC raised its stake in Wheaton Precious Metals by 0.6% during the 4th quarter. Parvin Asset Management LLC now owns 11,925 shares of the company’s stock valued at $1,401,000 after purchasing an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in Wheaton Precious Metals by 0.4% in the 4th quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company’s stock worth $2,405,000 after purchasing an additional 75 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Wheaton Precious Metals by 1.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock worth $494,000 after purchasing an additional 78 shares during the period. Gables Capital Management Inc. increased its holdings in shares of Wheaton Precious Metals by 7.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock worth $127,000 after purchasing an additional 79 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Wheaton Precious Metals by 0.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,105 shares of the company’s stock valued at $3,185,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WPM shares. Scotiabank reduced 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 research note on Tuesday, July 14th. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a report on Tuesday. Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Royal Bank Of Canada decreased their price objective on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Trading Down 2.3%

NYSE:WPM opened at $109.47 on Wednesday. Wheaton Precious Metals Corp. has a 1 year low of $90.39 and a 1 year high of $165.76. The firm has a 50 day moving average of $116.86 and a 200-day moving average of $131.53. The stock has a market capitalization of $49.72 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.Wheaton Precious Metals’s revenue was up 91.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 4.73 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s payout ratio is currently 19.70%.

About Wheaton Precious Metals

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.