2,328 Shares in Wheaton Precious Metals Corp. $WPM Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,328 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bulwark Capital Corp acquired a new stake in Wheaton Precious Metals during the 2nd quarter worth approximately $27,000. Wealth Preservation Advisors LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $38,000. Banque Cantonale Vaudoise acquired a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $49,000. City State Bank raised its holdings in 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 buying an additional 160 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Wheaton Precious Metals by 1,812.8% during the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after buying an additional 707 shares during the period. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WPM shares. Berenberg Bank increased their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Bank of America increased their target price on Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Wheaton Precious Metals Trading Up 3.0%

Shares of WPM opened at $97.99 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $114.36. The company has a market cap of $44.49 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.67 and a beta of 0.41. The company’s fifty day simple moving average is $104.06 and its 200 day simple moving average is $94.00.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same period last year, the business posted $0.33 EPS. Wheaton Precious Metals’s revenue was up 68.2% on a year-over-year basis. As a group, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals’s payout ratio is currently 38.15%.

Wheaton Precious Metals Company 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.