Ethic Inc. lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 24.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,324 shares of the company’s stock after purchasing an additional 5,205 shares during the period. Ethic Inc.’s holdings in Wheaton Precious Metals were worth $1,160,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its holdings in shares of Wheaton Precious Metals by 29.1% in the second quarter. BNP Paribas Arbitrage SA now owns 79,216 shares of the company’s stock valued at $3,491,000 after purchasing an additional 17,864 shares in the last quarter. Van ECK Associates Corp lifted its stake in Wheaton Precious Metals by 0.8% in the second quarter. Van ECK Associates Corp now owns 22,446,347 shares of the company’s stock worth $989,210,000 after acquiring an additional 185,826 shares during the last quarter. Aigen Investment Management LP lifted its stake in Wheaton Precious Metals by 206.9% in the second quarter. Aigen Investment Management LP now owns 27,495 shares of the company’s stock worth $1,212,000 after acquiring an additional 18,536 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Wheaton Precious Metals by 9.0% in the second quarter. Rockefeller Capital Management L.P. now owns 64,190 shares of the company’s stock worth $2,828,000 after acquiring an additional 5,321 shares during the last quarter. Finally, JTC Employer Solutions Trusteee Ltd purchased a new position in Wheaton Precious Metals in the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 55.50% of the company’s stock.
A number of brokerages recently issued reports on WPM. Berenberg Bank reiterated a “buy” rating on shares of Wheaton Precious Metals in a research note on Thursday, July 8th. Raymond James set a $60.00 price objective on shares of Wheaton Precious Metals and gave the stock an “outperform” rating in a research report on Monday, August 16th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $58.30.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 12th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Wheaton Precious Metals had a return on equity of 10.84% and a net margin of 50.90%. The business had revenue of $330.39 million during the quarter, compared to analysts’ expectations of $320.49 million. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 9th. Investors of record on Friday, August 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 26th. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.35%. Wheaton Precious Metals’s payout ratio is currently 53.57%.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. It focuses on the following precious metals streams: Salobo, Penasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others.
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