Transcend Capital Advisors LLC Makes New $209,000 Investment in Wheaton Precious Metals Corp. $WPM

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

Other large investors have also recently bought and sold shares of the company. Bulwark Capital Corp acquired a new stake in Wheaton Precious Metals during the second quarter worth about $27,000. Wealth Preservation Advisors LLC acquired a new stake in Wheaton Precious Metals during the first quarter worth about $38,000. Banque Cantonale Vaudoise bought a new position in shares of Wheaton Precious Metals in the first quarter worth about $49,000. City State Bank lifted its holdings in shares of Wheaton Precious Metals by 40.0% in the second quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after acquiring an additional 160 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Wheaton Precious Metals by 1,812.8% in the first quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after acquiring an additional 707 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 3.0%

NYSE:WPM opened at $97.99 on Friday. The company has a fifty day moving average of $104.06 and a 200-day moving average of $94.00. The firm has a market capitalization of $44.49 billion, a P/E ratio of 56.64, a P/E/G ratio of 1.67 and a beta of 0.41. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly 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 quarter last year, the firm posted $0.33 EPS. Wheaton Precious Metals’s revenue was up 68.2% compared to the same quarter last year. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WPM shares. UBS Group increased their target price on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Raymond James Financial boosted their target price on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. CIBC boosted their target price on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Wednesday, October 8th. Finally, Bank of America boosted their target price on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

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.