ORG Partners LLC Buys Shares of 1,899 Wheaton Precious Metals Corp. (NYSE:WPM)

ORG Partners LLC purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,899 shares of the company’s stock, valued at approximately $99,000.

Other hedge funds have also made changes to their positions in the company. Cerity Partners LLC lifted its position in Wheaton Precious Metals by 31.9% in the 4th quarter. Cerity Partners LLC now owns 11,870 shares of the company’s stock valued at $586,000 after purchasing an additional 2,868 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Wheaton Precious Metals by 8.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 95,730 shares of the company’s stock valued at $4,746,000 after buying an additional 7,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Wheaton Precious Metals by 19.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 202,140 shares of the company’s stock worth $10,021,000 after buying an additional 32,311 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in Wheaton Precious Metals by 10.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 7,248 shares of the company’s stock valued at $358,000 after acquiring an additional 699 shares during the period. Finally, Signaturefd LLC raised its stake in Wheaton Precious Metals by 8.0% during the 4th quarter. Signaturefd LLC now owns 12,485 shares of the company’s stock valued at $616,000 after acquiring an additional 923 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the subject of several recent analyst reports. Bank of America increased their price target on Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. CIBC increased their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Scotiabank increased their price objective on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, BMO Capital Markets boosted their target price on Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM traded up $0.07 during mid-day trading on Thursday, reaching $57.70. The company had a trading volume of 369,560 shares, compared to its average volume of 1,845,659. The stock has a fifty day moving average of $56.12 and a two-hundred day moving average of $51.57. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $63.06. The company has a market capitalization of $26.18 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 2.08 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $299.06 million for the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.38 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio is presently 47.69%.

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.