Willingdon Wealth Management purchased a new position in shares of Wheaton Precious Metals Corp (NYSE:WPM) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 2,565 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WPM. Van ECK Associates Corp increased its holdings in shares of Wheaton Precious Metals by 19.4% during the fourth quarter. Van ECK Associates Corp now owns 28,282,002 shares of the company’s stock worth $552,348,000 after buying an additional 4,586,258 shares in the last quarter. Norges Bank acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth approximately $82,689,000. Ruffer LLP increased its holdings in shares of Wheaton Precious Metals by 46.5% during the fourth quarter. Ruffer LLP now owns 9,893,919 shares of the company’s stock worth $161,701,000 after buying an additional 3,139,032 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Wheaton Precious Metals by 90.5% during the fourth quarter. Deutsche Bank AG now owns 5,539,961 shares of the company’s stock worth $108,189,000 after buying an additional 2,632,252 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Wheaton Precious Metals by 588.5% during the third quarter. JPMorgan Chase & Co. now owns 2,077,956 shares of the company’s stock worth $36,364,000 after buying an additional 1,776,164 shares in the last quarter. 55.56% of the stock is owned by institutional investors.

Shares of Wheaton Precious Metals stock traded up $0.20 during midday trading on Friday, reaching $20.30. The company had a trading volume of 1,490,183 shares, compared to its average volume of 2,324,982. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $9.04 billion, a P/E ratio of 42.29, a P/E/G ratio of 7.37 and a beta of -0.05. Wheaton Precious Metals Corp has a 1-year low of $15.08 and a 1-year high of $25.24.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $225.05 million during the quarter, compared to analyst estimates of $202.80 million. Wheaton Precious Metals had a net margin of 50.78% and a return on equity of 3.86%. On average, sell-side analysts expect that Wheaton Precious Metals Corp will post 0.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 24th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, May 23rd. Wheaton Precious Metals’s dividend payout ratio is currently 75.00%.

WPM has been the subject of several recent analyst reports. TheStreet raised shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Thursday, February 21st. TD Securities raised their price objective on shares of Wheaton Precious Metals from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Raymond James set a $28.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Thursday, March 21st. Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price objective (up previously from $25.00) on shares of Wheaton Precious Metals in a report on Wednesday, April 10th. Finally, Barclays lowered shares of Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Wheaton Precious Metals presently has a consensus rating of “Hold” and an average target price of $31.14.

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Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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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