Benedict Financial Advisors Inc. Buys Shares of 3,690 Wheaton Precious Metals Corp. (NYSE:WPM)

Benedict Financial Advisors Inc. bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,690 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. Ridgewood Investments LLC purchased a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $31,000. Abich Financial Wealth Management LLC acquired a new stake in Wheaton Precious Metals during the second quarter worth $31,000. Sunbelt Securities Inc. purchased a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $47,000. St. Johns Investment Management Company LLC acquired a new stake in Wheaton Precious Metals in the 3rd quarter valued at approximately $48,000. Finally, Western Pacific Wealth Management LP boosted its holdings in Wheaton Precious Metals by 19.6% during the 1st quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock valued at $63,000 after acquiring an additional 218 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Scotiabank boosted their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. TD Securities decreased their target price on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Finally, CIBC boosted their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.25.

Wheaton Precious Metals Stock Performance

Shares of WPM traded down $0.99 during trading hours on Friday, hitting $66.13. 1,261,257 shares of the company were exchanged, compared to its average volume of 1,759,317. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64. The firm’s 50 day moving average is $62.01 and its 200-day moving average is $57.62. The company has a market cap of $29.99 billion, a PE ratio of 50.87, a PEG ratio of 2.48 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The company had revenue of $299.06 million during the quarter, compared to analyst estimates of $309.54 million. During the same quarter last year, the business posted $0.31 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. As a group, equities analysts forecast 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. Stockholders of record on Wednesday, August 21st were issued 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 dividend yield of 0.94%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 47.69%.

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.