Beck Bode LLC Makes New Investment in Wheaton Precious Metals Corp. $WPM

Beck Bode LLC acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 57,293 shares of the company’s stock, valued at approximately $5,145,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Bulwark Capital Corp bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth approximately $27,000. Wealth Preservation Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the first quarter valued at $38,000. Banque Cantonale Vaudoise bought a new position in Wheaton Precious Metals in the first quarter worth $49,000. City State Bank boosted its stake in 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 buying an additional 160 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in Wheaton Precious Metals by 77.4% in the 1st quarter. Whittier Trust Co. now owns 763 shares of the company’s stock valued at $59,000 after buying an additional 333 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $104.13 on Wednesday. The business’s fifty day moving average is $104.11 and its two-hundred day moving average is $95.00. The firm has a market cap of $47.28 billion, a P/E ratio of 60.19, a P/E/G ratio of 1.67 and a beta of 0.38. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 54.5% compared to the same quarter last year. On average, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is 30.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Raymond James Financial lifted their price objective on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a report on Wednesday, October 8th. Finally, CIBC boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $124.50.

Wheaton Precious Metals 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.