727 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 727 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also recently modified their holdings of WPM. Rational Advisors LLC increased its stake in Wheaton Precious Metals by 59.2% during the 1st quarter. Rational Advisors LLC now owns 914 shares of the company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in Wheaton Precious Metals by 1.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 30,649 shares of the company’s stock valued at $1,458,000 after purchasing an additional 343 shares in the last quarter. CWM LLC increased its stake in Wheaton Precious Metals by 28.3% during the 2nd quarter. CWM LLC now owns 1,633 shares of the company’s stock valued at $59,000 after purchasing an additional 360 shares in the last quarter. LGT Group Foundation increased its stake in Wheaton Precious Metals by 0.6% during the 1st quarter. LGT Group Foundation now owns 56,890 shares of the company’s stock valued at $2,781,000 after purchasing an additional 367 shares in the last quarter. Finally, Pembroke Management LTD increased its stake in Wheaton Precious Metals by 7.1% during the 2nd quarter. Pembroke Management LTD now owns 6,131 shares of the company’s stock valued at $284,000 after purchasing an additional 407 shares in the last quarter. Institutional investors own 56.62% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of recent analyst reports. National Bank Financial cut their price target on shares of Wheaton Precious Metals from C$68.00 to C$60.00 in a research note on Thursday, October 13th. Barclays cut their price objective on shares of Wheaton Precious Metals from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 17th. Canaccord Genuity Group cut their price objective on shares of Wheaton Precious Metals from C$68.00 to C$67.00 in a research note on Friday, August 19th. Stifel Nicolaus cut their price objective on shares of Wheaton Precious Metals from C$66.50 to C$64.00 in a research note on Wednesday, October 19th. Finally, Raymond James cut their price objective on shares of Wheaton Precious Metals from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.43.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $38.59 on Thursday. The company’s fifty day moving average price is $33.41 and its 200 day moving average price is $35.25. Wheaton Precious Metals Corp. has a 1 year low of $28.62 and a 1 year high of $51.90. The company has a market capitalization of $17.44 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 6.20 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPMGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Wheaton Precious Metals had a return on equity of 8.35% and a net margin of 71.79%. The firm had revenue of $218.84 million for the quarter, compared to analysts’ expectations of $237.90 million. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.19 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, November 18th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 34.09%.

Wheaton Precious Metals Company Profile

(Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

See Also

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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