First Affirmative Financial Network Invests $214,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

First Affirmative Financial Network acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,504 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc increased its stake in Wheaton Precious Metals by 71.2% during the first quarter. TD Asset Management Inc now owns 4,857,837 shares of the company’s stock valued at $229,026,000 after purchasing an additional 2,019,722 shares during the last quarter. AMF Tjanstepension AB grew its position in shares of Wheaton Precious Metals by 593.5% during the 2nd quarter. AMF Tjanstepension AB now owns 1,608,134 shares of the company’s stock valued at $84,388,000 after buying an additional 1,376,231 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Wheaton Precious Metals by 31.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,672,800 shares of the company’s stock worth $272,975,000 after acquiring an additional 1,342,264 shares during the period. Barings LLC bought a new position in Wheaton Precious Metals in the second quarter worth about $65,405,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Wheaton Precious Metals by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock valued at $344,483,000 after acquiring an additional 1,010,307 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.4 %

WPM stock opened at $60.71 on Friday. The firm’s 50-day moving average is $60.27 and its two-hundred day moving average is $56.54. The company has a market capitalization of $27.53 billion, a price-to-earnings ratio of 46.70, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $64.82.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $299.06 million for the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.42 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 annualized dividend and a yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. TD Securities dropped their price target on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. CIBC increased their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Scotiabank boosted their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Raymond James increased their price objective on shares of Wheaton Precious Metals from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $69.88.

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.