2,429 Shares in Wheaton Precious Metals Corp. $WPM Acquired by B.O.S.S. Retirement Advisors LLC

Key Points

• B.O.S.S. Retirement Advisors LLC acquired 2,429 shares of Wheaton Precious Metals Corp. valued at approximately $218,000 during Q2, highlighting increased institutional interest in the company.
• Wheaton Precious Metals reported a 68.2% increase in revenue year-over-year, with quarterly earnings per share at $0.63, exceeding consensus estimates.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Wheaton Precious Metals, with price targets ranging from $106.00 to $118.00, indicating anticipated growth.

B.O.S.S. Retirement Advisors LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,429 shares of the company's stock, valued at approximately $218,000.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its position in Wheaton Precious Metals by 5.5% in the 1st quarter. Cerity Partners LLC now owns 20,271 shares of the company's stock valued at $1,574,000 after acquiring an additional 1,058 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Wheaton Precious Metals by 37.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company's stock valued at $630,000 after acquiring an additional 2,208 shares during the period. Sequoia Financial Advisors LLC increased its position in Wheaton Precious Metals by 5.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company's stock valued at $419,000 after acquiring an additional 297 shares during the period. Voya Investment Management LLC increased its position in Wheaton Precious Metals by 18.0% in the 1st quarter. Voya Investment Management LLC now owns 747,477 shares of the company's stock valued at $58,026,000 after acquiring an additional 113,835 shares during the period. Finally, Guardian Partners Inc. acquired a new stake in Wheaton Precious Metals in the 1st quarter valued at approximately $538,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WPM shares. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, September 8th. UBS Group lifted their price target on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. Scotiabank lifted their price target on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 12th. Raymond James Financial lifted their price target on Wheaton Precious Metals from $112.00 to $114.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Finally, National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and an average price target of $106.11.

Wheaton Precious Metals Stock Down 1.6%

WPM opened at $109.71 on Friday. The firm has a market cap of $49.80 billion, a PE ratio of 63.41, a P/E/G ratio of 2.99 and a beta of 0.41. The business has a fifty day simple moving average of $100.63 and a 200-day simple moving average of $90.02. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.00.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company's revenue was up 68.2% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals's dividend payout ratio (DPR) 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.

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