Teacher Retirement System of Texas Invests $256,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Teacher Retirement System of Texas purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,300 shares of the company's stock, valued at approximately $256,000.

A number of other large investors have also modified their holdings of WPM. NBT Bank N A NY lifted its holdings in shares of Wheaton Precious Metals by 129.3% during the first 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 period. Princeton Global Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals during the first quarter worth about $52,000. Headlands Technologies LLC lifted its holdings in shares of Wheaton Precious Metals by 494.9% during the fourth 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. Versant Capital Management Inc lifted its holdings in Wheaton Precious Metals by 125.6% in the first quarter. Versant Capital Management Inc now owns 1,146 shares of the company's stock valued at $89,000 after acquiring an additional 638 shares during the period. Finally, Dunhill Financial LLC lifted its holdings in Wheaton Precious Metals by 66.8% in the fourth quarter. Dunhill Financial LLC now owns 1,751 shares of the company's stock valued at $98,000 after acquiring an additional 701 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WPM shares. Scotiabank boosted their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Royal Bank Of Canada boosted their price target on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Berenberg Bank boosted their price target on Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $93.00.

Wheaton Precious Metals Price Performance

WPM stock opened at $88.30 on Friday. The firm has a market capitalization of $40.08 billion, a P/E ratio of 64.93, a P/E/G ratio of 2.53 and a beta of 0.46. The business's 50-day moving average is $87.93 and its two-hundred day moving average is $76.90. Wheaton Precious Metals Corp. has a 1 year low of $53.05 and a 1 year high of $95.23.

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, beating analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The business had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business's revenue for the quarter was up 58.4% on a year-over-year basis. On average, analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.75%. Wheaton Precious Metals's dividend payout ratio is presently 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.

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