3,511 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 3rd quarter, Holdings Channel reports. The firm purchased 3,511 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors also recently bought and sold shares of WPM. Ridgewood Investments LLC acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $31,000. Abich Financial Wealth Management LLC purchased a new stake in Wheaton Precious Metals during the second quarter valued at about $31,000. Sunbelt Securities Inc. purchased a new stake in Wheaton Precious Metals during the second quarter valued at about $47,000. St. Johns Investment Management Company LLC acquired a new stake in Wheaton Precious Metals during the third quarter worth about $48,000. Finally, Dunhill Financial LLC raised its holdings in shares of Wheaton Precious Metals by 200.9% in the 3rd quarter. Dunhill Financial LLC now owns 1,050 shares of the company’s stock worth $64,000 after purchasing an additional 701 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $57.11 on Friday. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The business’s 50-day simple moving average is $62.80 and its 200 day simple moving average is $59.85. The stock has a market cap of $25.91 billion, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 1.67 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.09%. Wheaton Precious Metals’s payout ratio is 46.27%.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of research reports. Raymond James boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Jefferies Financial Group lifted their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Company 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.