3,147 Shares in Wheaton Precious Metals Corp. $WPM Bought by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 3,147 shares of the company’s stock, valued at approximately $283,000.

Other large investors have also recently bought and sold shares of the company. Bulwark Capital Corp bought a new stake in Wheaton Precious Metals in the second quarter worth $27,000. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals in the first quarter worth $38,000. City State Bank boosted its holdings in Wheaton Precious Metals by 40.0% in the second quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after purchasing an additional 160 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Wheaton Precious Metals in the first quarter worth $49,000. Finally, Penserra Capital Management LLC boosted its holdings in Wheaton Precious Metals by 1,812.8% in the first quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after purchasing an additional 707 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on WPM. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Wheaton Precious Metals in a report on Wednesday, October 8th. UBS Group upped their price target on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Berenberg Bank upped their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $96.61 on Monday. The company has a 50-day simple moving average of $104.08 and a 200-day simple moving average of $94.24. The firm has a market capitalization of $43.86 billion, a P/E ratio of 55.84, a P/E/G ratio of 1.67 and a beta of 0.41. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is currently 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.