Van ECK Associates Corp lowered its position in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 8.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,742,931 shares of the company’s stock after selling 2,231,794 shares during the quarter. Wheaton Precious Metals comprises 2.6% of Van ECK Associates Corp’s holdings, making the stock its 7th biggest position. Van ECK Associates Corp owned 5.10% of Wheaton Precious Metals worth $549,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Wheaton Precious Metals by 39.2% during the second quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock worth $43,000 after buying an additional 495 shares in the last quarter. NEXT Financial Group Inc raised its stake in Wheaton Precious Metals by 67.0% in the second quarter. NEXT Financial Group Inc now owns 2,263 shares of the company’s stock valued at $55,000 after purchasing an additional 908 shares in the last quarter. Legacy Bridge LLC acquired a new position in Wheaton Precious Metals in the first quarter valued at about $54,000. Willingdon Wealth Management acquired a new position in Wheaton Precious Metals in the first quarter valued at about $61,000. Finally, Beutel Goodman & Co Ltd. acquired a new position in Wheaton Precious Metals in the first quarter valued at about $62,000. 53.56% of the stock is owned by institutional investors.

Wheaton Precious Metals stock traded up $1.69 during midday trading on Friday, reaching $28.73. The company’s stock had a trading volume of 4,156,657 shares, compared to its average volume of 3,223,648. Wheaton Precious Metals Corp has a 52 week low of $15.08 and a 52 week high of $28.74. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $26.19 and a 200-day moving average price of $23.24. The stock has a market cap of $12.05 billion, a PE ratio of 59.85, a price-to-earnings-growth ratio of 10.10 and a beta of -0.01.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.10. Wheaton Precious Metals had a positive return on equity of 3.35% and a negative net margin of 3.33%. The firm had revenue of $189.47 million for the quarter, compared to analysts’ expectations of $194.90 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. As a group, research analysts predict that Wheaton Precious Metals Corp will post 0.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 23rd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 22nd. Wheaton Precious Metals’s dividend payout ratio is presently 75.00%.

A number of research analysts recently commented on the company. Barclays raised Wheaton Precious Metals from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $28.00 in a research note on Tuesday, July 16th. They noted that the move was a valuation call. TheStreet downgraded Wheaton Precious Metals from a “b” rating to a “c+” rating in a research note on Friday, August 9th. GMP Securities downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Raymond James reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Wheaton Precious Metals in a research note on Monday, August 12th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.78.

Wheaton Precious Metals 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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