Janney Montgomery Scott LLC Acquires New Holdings in Wheaton Precious Metals Corp (WPM)

Janney Montgomery Scott LLC acquired a new position in Wheaton Precious Metals Corp (NYSE:WPM) during the third quarter, HoldingsChannel reports. The institutional investor acquired 19,047 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Greenleaf Trust purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at approximately $210,000. Marietta Investment Partners LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at approximately $210,000. MAI Capital Management purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at approximately $214,000. Edgestream Partners L.P. purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at approximately $228,000. Finally, Argent Trust Co purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at approximately $325,000. Institutional investors and hedge funds own 54.21% of the company’s stock.

A number of research firms have recently commented on WPM. ValuEngine cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Raymond James increased their price objective on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Barclays assumed coverage on shares of Wheaton Precious Metals in a research report on Wednesday, October 10th. They set an “overweight” rating on the stock. Deutsche Bank set a $25.00 price objective on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Finally, TheStreet downgraded shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research report on Monday, November 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $25.60.

Shares of Wheaton Precious Metals stock opened at $16.11 on Tuesday. The company has a market cap of $6.94 billion, a P/E ratio of 25.57, a P/E/G ratio of 6.06 and a beta of 0.41. Wheaton Precious Metals Corp has a twelve month low of $15.08 and a twelve month high of $22.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.04 and a current ratio of 8.04.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Wednesday, November 14th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The company had revenue of $185.77 million for the quarter, compared to the consensus estimate of $191.11 million. Wheaton Precious Metals had a net margin of 33.64% and a return on equity of 5.14%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. On average, research analysts anticipate that Wheaton Precious Metals Corp will post 0.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.23%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 57.14%.

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Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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

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