State of Wyoming Makes New $782,000 Investment in Wheaton Precious Metals Corp. $WPM

State of Wyoming acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,708 shares of the company’s stock, valued at approximately $782,000.

Other large investors have also made changes to their positions in the company. Bulwark Capital Corp acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at $27,000. Delta Asset Management LLC TN purchased a new position in Wheaton Precious Metals during the second quarter valued at $27,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the first quarter valued at about $38,000. City State Bank increased its stake in shares of 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 purchasing an additional 160 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Wheaton Precious Metals during the 1st quarter worth about $64,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

NYSE WPM opened at $117.62 on Monday. The stock’s fifty day moving average is $104.06 and its two-hundred day moving average is $98.93. The firm has a market capitalization of $53.40 billion, a P/E ratio of 53.46, a price-to-earnings-growth ratio of 1.74 and a beta of 0.54. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $120.55.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business 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 company’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. As a group, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s payout ratio is 30.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WPM shares. Jefferies Financial Group reiterated a “buy” rating and issued a $145.00 price objective on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Berenberg Bank lifted their price target on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. CIBC increased their price objective on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Zacks Research upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, UBS Group upped their target price on shares of Wheaton Precious Metals from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Buy” and a consensus price target of $130.78.

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.