Veracity Capital LLC Raises Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Veracity Capital LLC grew its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,082 shares of the company’s stock after buying an additional 348 shares during the period. Veracity Capital LLC’s holdings in Wheaton Precious Metals were worth $398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WPM. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $29,000. Abich Financial Wealth Management LLC purchased a new stake in Wheaton Precious Metals in the second quarter valued at $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $39,000. GAMMA Investing LLC purchased a new position in shares of Wheaton Precious Metals during the 4th quarter worth $41,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.1 %

NYSE:WPM opened at $58.94 on Friday. The stock has a fifty day moving average price of $59.44 and a 200 day moving average price of $60.53. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The firm has a market cap of $26.74 billion, a PE ratio of 43.98, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76.

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 the consensus estimate of $0.34. The business had revenue of $308.25 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.27 EPS. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.05%. Wheaton Precious Metals’s payout ratio is 46.27%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WPM. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Raymond James lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. TD Securities upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $71.67.

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.