Wheaton Precious Metals Corp (WPM) Shares Bought by Raymond James & Associates

Raymond James & Associates boosted its holdings in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 19.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,672 shares of the company’s stock after purchasing an additional 18,842 shares during the quarter. Raymond James & Associates’ holdings in Wheaton Precious Metals were worth $2,552,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its stake in Wheaton Precious Metals by 9.7% during the second quarter. Wedbush Securities Inc. now owns 29,281 shares of the company’s stock valued at $646,000 after purchasing an additional 2,582 shares in the last quarter. Baird Financial Group Inc. raised its stake in Wheaton Precious Metals by 0.6% during the second quarter. Baird Financial Group Inc. now owns 428,914 shares of the company’s stock valued at $9,462,000 after purchasing an additional 2,675 shares in the last quarter. Parsons Capital Management Inc. RI raised its stake in Wheaton Precious Metals by 8.2% during the second quarter. Parsons Capital Management Inc. RI now owns 39,221 shares of the company’s stock valued at $865,000 after purchasing an additional 2,966 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in Wheaton Precious Metals by 35.9% during the second quarter. First Allied Advisory Services Inc. now owns 16,444 shares of the company’s stock valued at $361,000 after purchasing an additional 4,340 shares in the last quarter. Finally, EagleClaw Capital Managment LLC raised its stake in Wheaton Precious Metals by 5.3% during the first quarter. EagleClaw Capital Managment LLC now owns 97,775 shares of the company’s stock valued at $1,981,000 after purchasing an additional 4,900 shares in the last quarter. 52.18% of the stock is currently owned by institutional investors.

WPM has been the topic of a number of recent research reports. ValuEngine downgraded shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. 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 research note on Monday, July 23rd. Zacks Investment Research downgraded shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Raymond James upped their price target on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. Finally, Deutsche Bank set a $25.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $26.60.

Shares of WPM opened at $17.05 on Monday. Wheaton Precious Metals Corp has a twelve month low of $15.18 and a twelve month high of $22.86. The firm has a market capitalization of $7.76 billion, a PE ratio of 27.06, a PEG ratio of 6.28 and a beta of 0.24. The company has a current ratio of 4.76, a quick ratio of 4.76 and a debt-to-equity ratio of 0.18.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Tuesday, August 14th. The company reported $0.16 earnings per share 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 business 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 firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Wheaton Precious Metals Corp will post 0.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Wednesday, August 29th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Tuesday, August 28th. Wheaton Precious Metals’s dividend payout ratio is currently 57.14%.

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.

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

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