St. Johns Investment Management Company LLC Makes New Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

St. Johns Investment Management Company LLC bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 780 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth approximately $208,000. Assenagon Asset Management S.A. raised its position in Wheaton Precious Metals by 12.8% during the third quarter. Assenagon Asset Management S.A. now owns 19,007 shares of the company’s stock worth $1,162,000 after acquiring an additional 2,157 shares during the period. Grimes & Company Inc. purchased a new position in Wheaton Precious Metals during the third quarter valued at $229,000. International Assets Investment Management LLC grew its position in shares of Wheaton Precious Metals by 5,864.8% in the third quarter. International Assets Investment Management LLC now owns 278,196 shares of the company’s stock valued at $16,992,000 after purchasing an additional 273,532 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Wheaton Precious Metals by 26.2% during the third quarter. Sequoia Financial Advisors LLC now owns 5,633 shares of the company’s stock worth $344,000 after purchasing an additional 1,171 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $66.13 on Friday. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of 50.86, a PEG ratio of 2.48 and a beta of 0.78. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64. The company’s 50-day moving average is $62.01 and its two-hundred day moving average is $57.62.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $299.06 million for the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 0.94%. Wheaton Precious Metals’s payout ratio is 47.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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. Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Raymond James lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, CIBC increased their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $70.25.

About Wheaton Precious Metals

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.