Uncommon Cents Investing LLC Grows Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Uncommon Cents Investing LLC raised its stake in Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) by 45.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,665 shares of the company’s stock after buying an additional 2,705 shares during the period. Uncommon Cents Investing LLC’s holdings in Wheaton Precious Metals were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. AE Wealth Management LLC boosted its position in Wheaton Precious Metals by 2.1% in the 1st quarter. AE Wealth Management LLC now owns 10,228 shares of the company’s stock valued at $487,000 after buying an additional 207 shares during the period. Advisor Partners LLC boosted its position in Wheaton Precious Metals by 4.8% in the 1st quarter. Advisor Partners LLC now owns 5,699 shares of the company’s stock valued at $271,000 after buying an additional 263 shares during the period. Rational Advisors LLC raised its holdings in shares of Wheaton Precious Metals by 59.2% in the 1st quarter. Rational Advisors LLC now owns 914 shares of the company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of Wheaton Precious Metals by 1.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 30,649 shares of the company’s stock valued at $1,458,000 after purchasing an additional 343 shares in the last quarter. Finally, LGT Group Foundation raised its holdings in shares of Wheaton Precious Metals by 0.6% in the 1st quarter. LGT Group Foundation now owns 56,890 shares of the company’s stock valued at $2,781,000 after purchasing an additional 367 shares in the last quarter. 56.62% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 5.3 %

WPM traded down $1.68 during midday trading on Friday, hitting $29.74. 190,551 shares of the company traded hands, compared to its average volume of 2,498,133. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 4.92 and a beta of 0.55. Wheaton Precious Metals Corp. has a 52-week low of $29.66 and a 52-week high of $51.90. The business has a 50 day simple moving average of $32.66 and a two-hundred day simple moving average of $39.71.

Wheaton Precious Metals (NYSE:WPMGet Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $302.92 million for the quarter, compared to the consensus estimate of $301.00 million. Wheaton Precious Metals had a net margin of 63.36% and a return on equity of 9.22%. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.29 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Friday, August 26th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, September 7th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 36.81%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WPM. National Bank Financial reduced their price target on shares of Wheaton Precious Metals from C$70.00 to C$68.00 in a report on Monday, August 15th. Stifel Nicolaus reduced their price target on shares of Wheaton Precious Metals from C$71.00 to C$66.50 in a report on Wednesday, July 20th. Canaccord Genuity Group reduced their price target on shares of Wheaton Precious Metals from C$68.00 to C$67.00 in a report on Friday, August 19th. KeyCorp reduced their price objective on shares of Wheaton Precious Metals from $56.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. Finally, Barclays reduced their price objective on shares of Wheaton Precious Metals from $49.00 to $41.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.17.

Wheaton Precious Metals Company Profile

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Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

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

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