Plato Investment Management Ltd Buys 4,954 Shares of Wheaton Precious Metals Corp. $WPM

Plato Investment Management Ltd increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,357 shares of the company’s stock after purchasing an additional 4,954 shares during the period. Plato Investment Management Ltd’s holdings in Wheaton Precious Metals were worth $5,934,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WPM. Mesirow Financial Investment Management Inc. bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $283,000. Atria Investments Inc bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $270,000. Arkadios Wealth Advisors raised its position in shares of Wheaton Precious Metals by 4.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 22,873 shares of the company’s stock valued at $2,054,000 after acquiring an additional 1,010 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Wheaton Precious Metals by 3.1% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,177 shares of the company’s stock valued at $1,004,000 after acquiring an additional 341 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Wheaton Precious Metals by 3,030.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 103,300 shares of the company’s stock valued at $9,276,000 after acquiring an additional 100,000 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America upped their target price on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. UBS Group upped their target price on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wheaton Precious Metals in a research report on Wednesday, October 8th. Finally, Scotiabank restated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Wheaton Precious Metals Stock Down 1.5%

WPM opened at $96.61 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $55.47 and a 12 month high of $114.36. The company has a fifty day simple moving average of $104.08 and a 200 day simple moving average of $94.18. The stock has a market cap 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 (NYSE:WPM) last released 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. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business had revenue of $503.22 million during the quarter, compared to analysts’ expectations of $424.23 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s quarterly revenue was up 68.2% on a year-over-year basis. On average, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is presently 38.15%.

About Wheaton Precious Metals

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.