2,500 Shares in Wheaton Precious Metals Corp. $WPM Bought by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE 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 Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,500 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds also recently bought and sold shares of the company. Bulwark Capital Corp purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $27,000. NBT Bank N A NY raised its position in Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company’s stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in Wheaton Precious Metals during the first quarter valued at approximately $38,000. Banque Cantonale Vaudoise acquired a new stake in Wheaton Precious Metals in the first quarter valued at approximately $49,000. Finally, Penserra Capital Management LLC grew its position in 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 in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of recent research reports. CIBC raised their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a report on Friday. Raymond James Financial upped their price objective on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a report on Friday. Berenberg Bank raised their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, September 12th. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.50.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $105.44 on Friday. The firm has a market cap of $47.87 billion, a price-to-earnings ratio of 60.95, a P/E/G ratio of 2.81 and a beta of 0.41. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.00. The firm has a fifty day moving average price of $102.44 and a two-hundred day moving average price of $91.45.

Wheaton Precious Metals (NYSE:WPM) last issued 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 return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. During the same period last year, the business posted $0.33 earnings per share. The firm’s revenue was up 68.2% compared to the same quarter last year. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s payout ratio is 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.