Tyler Stone Wealth Management Boosts Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Tyler Stone Wealth Management boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 100.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,253 shares of the company’s stock after acquiring an additional 2,130 shares during the quarter. Tyler Stone Wealth Management’s holdings in Wheaton Precious Metals were worth $260,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ridgewood Investments LLC acquired a new stake in shares of Wheaton Precious Metals in the second quarter valued at about $31,000. Abich Financial Wealth Management LLC acquired a new stake in Wheaton Precious Metals in the 2nd quarter worth about $31,000. St. Johns Investment Management Company LLC acquired a new stake in Wheaton Precious Metals in the 3rd quarter worth about $48,000. Sunbelt Securities Inc. purchased a new stake in Wheaton Precious Metals during the 2nd quarter worth approximately $47,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Wheaton Precious Metals by 25.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after acquiring an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, TD Securities raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.88.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $61.02 on Tuesday. The firm has a 50 day simple moving average of $62.77 and a 200-day simple moving average of $58.71. The stock has a market cap of $27.68 billion, a price-to-earnings 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 1-year low of $38.57 and a 1-year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a return on equity of 8.91% and a net margin of 50.05%. The company had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter last year, the firm earned $0.27 earnings per share. Equities analysts expect that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

About Wheaton Precious Metals

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.