Mission Wealth Management LP Makes New $227,000 Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

Mission Wealth Management LP acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPMFree Report) in the 1st quarter, Holdings Channel reports. The fund acquired 2,926 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. Promus Capital LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $38,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Headlands Technologies LLC lifted its position in shares of Wheaton Precious Metals by 494.9% during the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company’s stock worth $39,000 after buying an additional 579 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM stock opened at $91.08 on Friday. The company has a market cap of $41.34 billion, a price-to-earnings ratio of 66.97, a price-to-earnings-growth ratio of 2.84 and a beta of 0.46. The company has a fifty day moving average price of $85.19 and a 200 day moving average price of $72.38. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $95.23.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $470.41 million for the quarter, compared to analysts’ expectations of $446.33 million. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. Wheaton Precious Metals’s revenue was up 58.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were paid a $0.165 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.72%. Wheaton Precious Metals’s dividend payout ratio is currently 48.53%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WPM shares. CIBC boosted their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an “outperformer” rating in a research report on Friday, May 9th. Royal Bank Of Canada boosted their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. Raymond James Financial boosted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an “outperform” rating and a $129.00 price target for the company. Finally, Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $86.90.

Read Our Latest Report on Wheaton Precious Metals

Wheaton Precious Metals Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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