Dimensional Fund Advisors LP lowered its position in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 19.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 503,097 shares of the company’s stock after selling 123,605 shares during the quarter. Dimensional Fund Advisors LP owned 0.11% of Wheaton Precious Metals worth $11,098,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of WPM. Marietta Investment Partners LLC bought a new position in Wheaton Precious Metals during the second quarter valued at $210,000. Toronto Dominion Bank increased its position in Wheaton Precious Metals by 50.3% during the second 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. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at $892,000. Cerebellum GP LLC boosted its stake in shares of Wheaton Precious Metals by 919.2% during the second quarter. Cerebellum GP LLC now owns 8,286 shares of the company’s stock valued at $183,000 after purchasing an additional 7,473 shares during the period. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at $2,096,000. 52.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of WPM stock traded down $0.10 during mid-day trading on Friday, hitting $16.28. 2,515,792 shares of the stock traded hands, compared to its average volume of 2,726,927. Wheaton Precious Metals Corp has a 52-week low of $15.18 and a 52-week high of $22.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.76 and a current ratio of 4.76. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 6.34 and a beta of 0.38.
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, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Wheaton Precious Metals had a net margin of 36.76% and a return on equity of 5.80%. The firm had revenue of $212.40 million for the quarter, compared to the consensus estimate of $203.92 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts predict that Wheaton Precious Metals Corp will post 0.52 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on WPM. Zacks Investment Research raised shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. ValuEngine raised shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Royal Bank of Canada set a $26.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a research note on Monday, July 23rd. Deutsche Bank set a $25.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Finally, Raymond James upped their price objective on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, September 28th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $26.60.
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Wheaton Precious Metals Company 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.
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