Lewis Asset Management LLC Buys Shares of 3,275 Wheaton Precious Metals Corp. $WPM

Key Points

• Lewis Asset Management LLC purchased 3,275 shares of Wheaton Precious Metals Corp., valued at approximately $294,000, marking a new investment in the company.
• Wheaton Precious Metals reported earnings per share of $0.63 for the last quarter, exceeding the analysts' estimate of $0.58, with a significant revenue increase of 68.2% year-over-year.
• Equity analysts have generally shown optimism for Wheaton Precious Metals, with several firms raising their price targets and issuing buy ratings, contributing to an average rating of "Moderate Buy."

Lewis Asset Management LLC purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,275 shares of the company's stock, valued at approximately $294,000.

A number of other large investors have also added to or reduced their stakes in WPM. Vise Technologies Inc. boosted its stake in shares of Wheaton Precious Metals by 102.7% during the 4th quarter. Vise Technologies Inc. now owns 8,587 shares of the company's stock worth $483,000 after acquiring an additional 4,351 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Wheaton Precious Metals by 163.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 100,791 shares of the company's stock worth $5,670,000 after buying an additional 62,573 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $232,000. Employees Retirement System of Texas bought a new position in Wheaton Precious Metals during the 4th quarter valued at about $780,000. Finally, Total Wealth Planning & Management Inc. bought a new position in Wheaton Precious Metals during the 4th quarter valued at about $244,000. Institutional investors own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Berenberg Bank boosted their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, September 8th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. BMO Capital Markets restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Finally, Raymond James Financial upped their price target on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.78.

Wheaton Precious Metals Stock Down 0.1%

WPM opened at $107.53 on Tuesday. The firm's fifty day simple moving average is $97.86 and its two-hundred day simple moving average is $88.22. The company has a market cap of $48.81 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 2.91 and a beta of 0.42. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $109.67.

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, topping the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm 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 firm posted $0.33 earnings per share. The company's revenue for the quarter was up 68.2% on a year-over-year basis. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

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