State of Tennessee Treasury Department raised its stake in Wheaton Precious Metals Corp (NYSE:WPM) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,518 shares of the company’s stock after acquiring an additional 3,702 shares during the period. State of Tennessee Treasury Department owned approximately 0.08% of Wheaton Precious Metals worth $9,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WPM. Capital World Investors bought a new position in shares of Wheaton Precious Metals in the first quarter worth about $174,577,000. Norges Bank bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $151,561,000. Guardian Capital LP bought a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $76,245,000. Clearbridge Investments LLC bought a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $56,327,000. Finally, APG Asset Management N.V. raised its position in Wheaton Precious Metals by 150.2% during the 1st quarter. APG Asset Management N.V. now owns 2,922,440 shares of the company’s stock valued at $80,113,000 after purchasing an additional 1,754,624 shares in the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

WPM has been the topic of a number of analyst reports. Standpoint Research downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Royal Bank of Canada downgraded Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $31.00 to $35.00 in a research note on Friday, May 15th. Raymond James set a $45.00 price target on Wheaton Precious Metals and gave the company an “outperform” rating in a research note on Tuesday. Deutsche Bank boosted their price target on Wheaton Precious Metals from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $46.00 price target on shares of Wheaton Precious Metals in a research note on Thursday, May 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.80.

Shares of WPM stock traded down $0.49 during trading hours on Friday, reaching $41.72. The company had a trading volume of 32,276 shares, compared to its average volume of 2,904,104. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a fifty day moving average of $42.03 and a 200-day moving average of $33.05. The company has a market capitalization of $18.92 billion, a price-to-earnings ratio of 156.33, a PEG ratio of 9.12 and a beta of 0.52. Wheaton Precious Metals Corp has a 12-month low of $18.66 and a 12-month high of $47.15.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $254.79 million during the quarter, compared to analyst estimates of $250.67 million. Wheaton Precious Metals had a return on equity of 5.59% and a net margin of 13.88%. On average, analysts forecast that Wheaton Precious Metals Corp will post 0.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 22nd were given a $0.10 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.40 annualized dividend and a yield of 0.96%. Wheaton Precious Metals’s payout ratio is 71.43%.

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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