Farther Finance Advisors LLC Has $111,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Farther Finance Advisors LLC raised its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 31.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,825 shares of the company’s stock after purchasing an additional 432 shares during the quarter. Farther Finance Advisors LLC’s holdings in Wheaton Precious Metals were worth $111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Quent Capital LLC lifted its holdings in shares of Wheaton Precious Metals by 136.1% during the first quarter. Quent Capital LLC now owns 5,636 shares of the company’s stock worth $266,000 after purchasing an additional 3,249 shares during the period. Quantbot Technologies LP bought a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at about $499,000. Russell Investments Group Ltd. increased its stake in shares of Wheaton Precious Metals by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 878,049 shares of the company’s stock valued at $41,227,000 after buying an additional 68,755 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in shares of Wheaton Precious Metals by 27.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 49,131 shares of the company’s stock worth $2,316,000 after acquiring an additional 10,711 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of Wheaton Precious Metals by 71.2% in the first quarter. TD Asset Management Inc now owns 4,857,837 shares of the company’s stock worth $229,026,000 after acquiring an additional 2,019,722 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on WPM shares. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Raymond James boosted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Scotiabank increased their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Wheaton Precious Metals Stock Performance

WPM stock opened at $61.02 on Tuesday. The stock’s 50 day simple moving average is $62.77 and its 200 day simple moving average is $58.71. The company has a market cap of $27.68 billion, a P/E ratio of 45.54, a price-to-earnings-growth ratio of 2.37 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last issued its 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. The company had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a return on equity of 8.91% and a net margin of 50.05%. During the same period last year, the business earned $0.27 EPS. Equities analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s payout ratio is presently 46.27%.

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.