Callan Capital LLC Acquires New Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Callan Capital LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,126 shares of the company's stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WPM. Penserra Capital Management LLC grew its position in Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after acquiring an additional 707 shares during the last quarter. Hendley & Co. Inc. grew its holdings in shares of Wheaton Precious Metals by 0.6% in the first quarter. Hendley & Co. Inc. now owns 90,305 shares of the company's stock worth $7,010,000 after purchasing an additional 500 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in shares of Wheaton Precious Metals in the first quarter worth $936,000. Bank of New York Mellon Corp increased its stake in shares of Wheaton Precious Metals by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 423,981 shares of the company's stock worth $32,914,000 after buying an additional 24,946 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Wheaton Precious Metals by 34.6% in the first quarter. Principal Financial Group Inc. now owns 25,244 shares of the company's stock worth $1,959,000 after buying an additional 6,486 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. UBS Group boosted their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, BMO Capital Markets started coverage on 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. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $93.00.

Wheaton Precious Metals Trading Up 1.3%

NYSE:WPM traded up $1.14 during mid-day trading on Friday, reaching $91.03. The company's stock had a trading volume of 1,780,108 shares, compared to its average volume of 1,718,022. Wheaton Precious Metals Corp. has a 12-month low of $53.05 and a 12-month high of $95.23. The firm's fifty day moving average price is $87.39 and its two-hundred day moving average price is $75.61. The stock has a market cap of $41.32 billion, a P/E ratio of 66.93, a PEG ratio of 2.64 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The firm had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business's revenue for the quarter was up 58.4% compared to the same quarter last year. Analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's payout ratio is currently 48.53%.

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.