Van Hulzen Asset Management LLC Invests $377,000 in Wheaton Precious Metals Corp. $WPM

Van Hulzen Asset Management LLC purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,357 shares of the company’s stock, valued at approximately $377,000.

A number of other hedge funds have also recently modified their holdings of the company. Parvin Asset Management LLC raised its stake in Wheaton Precious Metals by 0.6% during the fourth quarter. Parvin Asset Management LLC now owns 11,925 shares of the company’s stock worth $1,401,000 after purchasing an additional 75 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in Wheaton Precious Metals by 0.4% in the 4th quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company’s stock valued at $2,405,000 after purchasing an additional 75 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Wheaton Precious Metals by 1.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock valued at $494,000 after buying an additional 78 shares during the period. Gables Capital Management Inc. grew its stake in shares of Wheaton Precious Metals by 7.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock valued at $127,000 after buying an additional 79 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Wheaton Precious Metals by 0.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,105 shares of the company’s stock worth $3,185,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $163.66 on Wednesday. Wheaton Precious Metals Corp. has a 1-year low of $92.57 and a 1-year high of $165.76. The stock has a market cap of $74.33 billion, a PE ratio of 36.29, a P/E/G ratio of 2.83 and a beta of 0.55. The firm has a 50-day simple moving average of $120.62 and a two-hundred day simple moving average of $130.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. During the same period in the prior year, the business posted $0.63 EPS. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 4.79 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

Analysts Set New Price Targets

Several research firms have recently commented on WPM. Bank of America reduced their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Scotiabank lowered their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Berenberg Bank set a $157.00 target price on Wheaton Precious Metals in a research note on Tuesday, July 28th. Jefferies Financial Group reduced their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Finally, UBS Group decreased their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.55.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.