Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 30.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,392 shares of the company’s stock after acquiring an additional 24,657 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Wheaton Precious Metals were worth $5,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AdvisorNet Financial Inc lifted its holdings in shares of Wheaton Precious Metals by 6.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock valued at $175,000 after acquiring an additional 190 shares in the last quarter. Capital International Inc. CA lifted its holdings in Wheaton Precious Metals by 2.5% in the 1st quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock worth $392,000 after buying an additional 204 shares in the last quarter. Western Pacific Wealth Management LP increased its position in shares of Wheaton Precious Metals by 19.6% in the 1st quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after purchasing an additional 218 shares during the last quarter. Brookstone Capital Management increased its position in shares of Wheaton Precious Metals by 5.3% in the 1st quarter. Brookstone Capital Management now owns 4,771 shares of the company’s stock worth $225,000 after purchasing an additional 240 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Wheaton Precious Metals by 25.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock worth $65,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WPM. Bank of America boosted their target price on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. CIBC boosted their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. BMO Capital Markets boosted their price objective on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group boosted their price objective on shares of Wheaton Precious Metals from $62.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.50.

Wheaton Precious Metals Trading Up 1.0 %

Shares of NYSE:WPM opened at $58.56 on Tuesday. The company has a 50 day moving average of $58.81 and a 200-day moving average of $53.57. The firm has a market cap of $26.57 billion, a P/E ratio of 45.05, a P/E/G ratio of 2.13 and a beta of 0.78. Wheaton Precious Metals Corp. has a twelve month low of $38.37 and a twelve month high of $63.06.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $299.06 million during the quarter, compared to analyst estimates of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.4 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.