72,360 Shares in Wheaton Precious Metals Corp (WPM) Acquired by Davy Asset Management Ltd

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Davy Asset Management Ltd purchased a new position in Wheaton Precious Metals Corp (NYSE:WPM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 72,360 shares of the company’s stock, valued at approximately $1,222,000.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Wheaton Precious Metals by 3.9% during the 2nd quarter. Van ECK Associates Corp now owns 20,306,408 shares of the company’s stock valued at $447,961,000 after acquiring an additional 753,871 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $201,760,000. Swiss National Bank boosted its holdings in shares of Wheaton Precious Metals by 5.3% during the 1st quarter. Swiss National Bank now owns 4,248,300 shares of the company’s stock valued at $86,448,000 after acquiring an additional 213,400 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of Wheaton Precious Metals by 0.3% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 3,140,190 shares of the company’s stock valued at $69,273,000 after acquiring an additional 10,510 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Wheaton Precious Metals by 50.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,042,568 shares of the company’s stock valued at $67,044,000 after acquiring an additional 1,018,780 shares during the last quarter. Institutional investors own 52.21% of the company’s stock.

WPM opened at $15.96 on Friday. The company has a current ratio of 4.76, a quick ratio of 4.76 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $7.62 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 6.11 and a beta of 0.21. Wheaton Precious Metals Corp has a 12-month low of $15.82 and a 12-month high of $22.86.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Tuesday, August 14th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $212.40 million for the quarter, compared to the consensus estimate of $203.92 million. Wheaton Precious Metals had a net margin of 36.76% and a return on equity of 5.80%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. equities research analysts predict that Wheaton Precious Metals Corp will post 0.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Wednesday, August 29th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, August 28th. Wheaton Precious Metals’s payout ratio is 57.14%.

WPM has been the topic of a number of recent analyst reports. ValuEngine raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. TD Securities raised their price target on shares of Wheaton Precious Metals from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 15th. Royal Bank of Canada set a $26.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Monday, July 23rd. Zacks Investment Research raised shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 27th. Finally, Raymond James raised their price target on shares of Wheaton Precious Metals from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, June 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $26.50.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

Further Reading: NASDAQ

Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp (NYSE:WPM).

Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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