Lawson Kroeker Investment Management Inc. NE Takes Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Lawson Kroeker Investment Management Inc. acquired 2,500 shares of Wheaton Precious Metals, valued at approximately $224,000, in the second quarter, contributing to a growing interest among institutional investors who now own 70.34% of the company's stock.
• Analysts have positive outlooks for Wheaton Precious Metals, with price targets increasing by firms like Raymond James and UBS, and a consensus rating of "Moderate Buy" with an average price target of $114.50.
• The company reported earnings of $0.63 per share, exceeding estimates, alongside a significant revenue increase of 68.2% year-over-year, reflecting strong performance amid expanding operations in precious metals.

Lawson Kroeker Investment Management Inc. NE acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,500 shares of the company's stock, valued at approximately $224,000.

Several other large investors have also bought and sold shares of the company. Bulwark Capital Corp bought a new stake in Wheaton Precious Metals in the second quarter worth about $27,000. NBT Bank N A NY grew its stake in shares of Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $38,000. Banque Cantonale Vaudoise acquired a new stake in Wheaton Precious Metals during the first quarter valued at approximately $49,000. Finally, Penserra Capital Management LLC boosted its holdings 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 worth $57,000 after buying an additional 707 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James Financial upped their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an "outperform" rating in a report on Friday. Berenberg Bank lifted their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Wheaton Precious Metals in a research report on Wednesday. UBS Group upped their target price on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Finally, CIBC increased their price target on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an "outperformer" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.50.

Wheaton Precious Metals Stock Up 2.0%

Shares of Wheaton Precious Metals stock opened at $105.44 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $55.47 and a 12 month high of $114.00. The stock has a market cap of $47.87 billion, a PE ratio of 60.95, a price-to-earnings-growth ratio of 2.81 and a beta of 0.41. The business has a fifty day simple moving average of $102.44 and a 200-day simple moving average of $91.45.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $503.22 million for 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%.Wheaton Precious Metals's quarterly revenue was up 68.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. Analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals's dividend 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.

Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp. (NYSE:WPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.