Childress Capital Advisors LLC Purchases Shares of 14,000 Wheaton Precious Metals Corp. $WPM

Childress Capital Advisors LLC acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $1,566,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bulwark Capital Corp bought a new position in Wheaton Precious Metals in the second quarter worth $27,000. Delta Asset Management LLC TN acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at $27,000. City State Bank lifted its holdings in shares of Wheaton Precious Metals by 40.0% during the 2nd quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after acquiring an additional 160 shares during the period. Pacifica Partners Inc. lifted its holdings in shares of Wheaton Precious Metals by 27.8% during the 3rd quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock worth $51,000 after acquiring an additional 100 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $70,000. 70.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price target on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Raymond James Financial upped their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $115.00 to $130.00 in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $130.78.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $125.49 on Wednesday. The company has a market capitalization of $56.98 billion, a P/E ratio of 57.04, a PEG ratio of 1.44 and a beta of 0.52. Wheaton Precious Metals Corp. has a one year low of $55.51 and a one year high of $126.18. The business’s 50 day simple moving average is $109.31 and its 200-day simple moving average is $102.41.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $476.26 million during the quarter, compared to the consensus estimate of $495.53 million. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. On average, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, November 20th. This represents a $0.66 annualized dividend and a yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is 30.00%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.