GAMMA Investing LLC Invests $41,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

GAMMA Investing LLC bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 727 shares of the company’s stock, valued at approximately $41,000.

Several other large investors also recently made changes to their positions in WPM. Insigneo Advisory Services LLC lifted its stake in shares of Wheaton Precious Metals by 2.2% during the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after acquiring an additional 187 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after acquiring an additional 196 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after acquiring an additional 197 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Wheaton Precious Metals by 1.0% during the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after acquiring an additional 210 shares during the period. Finally, Western Pacific Wealth Management LP lifted its stake in shares of Wheaton Precious Metals by 13.9% during the third quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock valued at $106,000 after acquiring an additional 212 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $55.74 on Tuesday. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The business has a 50-day moving average of $60.25 and a two-hundred day moving average of $60.35. The company has a market capitalization of $25.29 billion, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 1.67 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly 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. The company 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 period in the prior year, the company earned $0.27 earnings per share. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.11%. Wheaton Precious Metals’s payout ratio is presently 46.27%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Securities increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group assumed coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.