Mission Wealth Management LP Takes $227,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Mission Wealth Management LP purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,926 shares of the company's stock, valued at approximately $227,000.

Several other large investors have also bought and sold shares of WPM. Promus Capital LLC acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Princeton Global Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals during the first quarter worth $52,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Wheaton Precious Metals in the 4th quarter valued at $38,000. Headlands Technologies LLC boosted its stake in Wheaton Precious Metals by 494.9% in the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after purchasing an additional 579 shares during the period. Finally, Quintet Private Bank Europe S.A. acquired a new position in Wheaton Precious Metals in the 4th quarter worth $39,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

WPM stock traded down $1.78 during trading hours on Friday, reaching $89.29. The stock had a trading volume of 2,400,416 shares, compared to its average volume of 1,697,087. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $95.23. The stock has a market capitalization of $40.52 billion, a PE ratio of 65.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.46. The stock has a 50-day simple moving average of $85.19 and a 200 day simple moving average of $72.38.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $470.41 million during 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%. The company's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. On average, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

Analysts Set New Price Targets

WPM has been the subject of several recent research reports. Scotiabank upped their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 14th. Raymond James Financial raised their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. CIBC lifted their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. UBS Group increased their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price for the company. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $86.90.

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.