Stegent Equity Advisors Inc. Buys 4,345 Shares of Wheaton Precious Metals Corp. $WPM

Stegent Equity Advisors Inc. lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 160.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,046 shares of the company’s stock after purchasing an additional 4,345 shares during the period. Stegent Equity Advisors Inc.’s holdings in Wheaton Precious Metals were worth $633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bulwark Capital Corp bought a new position in Wheaton Precious Metals during the second quarter worth about $27,000. Wealth Preservation Advisors LLC bought a new position in Wheaton Precious Metals during the first quarter worth about $38,000. City State Bank lifted its holdings in Wheaton Precious Metals by 40.0% during the second quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after acquiring an additional 160 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Wheaton Precious Metals during the first quarter worth about $49,000. Finally, Penserra Capital Management LLC lifted its holdings in Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after acquiring an additional 707 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

WPM opened at $98.09 on Friday. The business’s 50-day moving average price is $103.84 and its two-hundred day moving average price is $93.49. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.36. The company has a market capitalization of $44.53 billion, a price-to-earnings ratio of 56.70, a P/E/G ratio of 1.76 and a beta of 0.41.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 68.2% on a year-over-year basis. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 38.15%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Bank of America lifted their target price on Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. CIBC lifted their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Friday. Finally, Scotiabank reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Wheaton Precious Metals 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.