Perfromance Wealth Partners LLC Has $627,000 Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Perfromance Wealth Partners LLC lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 209.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,148 shares of the company’s stock after purchasing an additional 7,547 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Wheaton Precious Metals were worth $627,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $29,000. Abich Financial Wealth Management LLC acquired a new position in shares of Wheaton Precious Metals during the second quarter worth approximately $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $39,000. GAMMA Investing LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $41,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Wheaton Precious Metals during the second quarter worth approximately $47,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $59.49 on Wednesday. The company has a market capitalization of $26.99 billion, a PE ratio of 44.40, a price-to-earnings-growth ratio of 1.26 and a beta of 0.76. The business has a fifty day moving average price of $59.45 and a two-hundred day moving average price of $60.55. 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 announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter in the prior year, the company earned $0.27 EPS. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.04%. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research reports. TD Securities upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Raymond James upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Jefferies Financial Group upped their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

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.