39,467 Shares in Wheaton Precious Metals Corp (NYSE:WPM) Acquired by Teza Capital Management LLC

Teza Capital Management LLC purchased a new position in shares of Wheaton Precious Metals Corp (NYSE:WPM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,467 shares of the company’s stock, valued at approximately $940,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Bridge LLC bought a new position in Wheaton Precious Metals in the first quarter valued at approximately $54,000. Willingdon Wealth Management bought a new position in Wheaton Precious Metals in the first quarter valued at approximately $61,000. Beutel Goodman & Co Ltd. bought a new position in Wheaton Precious Metals in the first quarter valued at approximately $62,000. Cullen Frost Bankers Inc. bought a new position in Wheaton Precious Metals in the first quarter valued at approximately $110,000. Finally, MAI Capital Management bought a new position in Wheaton Precious Metals in the first quarter valued at approximately $206,000. 55.24% of the stock is currently owned by institutional investors.

NYSE:WPM traded up $0.26 during mid-day trading on Friday, hitting $24.18. 2,114,720 shares of the stock were exchanged, compared to its average volume of 2,319,042. The stock has a market cap of $10.80 billion, a PE ratio of 50.38, a price-to-earnings-growth ratio of 8.87 and a beta of -0.04. The stock’s 50-day moving average price is $22.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 2.07. Wheaton Precious Metals Corp has a fifty-two week low of $15.08 and a fifty-two week high of $25.24.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $225.05 million during the quarter, compared to analysts’ expectations of $202.80 million. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%. As a group, equities analysts anticipate that Wheaton Precious Metals Corp will post 0.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 24th were paid a $0.09 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.36 annualized dividend and a dividend yield of 1.49%. Wheaton Precious Metals’s payout ratio is 75.00%.

A number of research analysts have weighed in on WPM shares. Raymond James set a $28.00 price target on Wheaton Precious Metals and gave the company a “buy” rating in a research note on Thursday, March 21st. GMP Securities cut Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research report on Tuesday, April 23rd. Barclays cut Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 9th. Standpoint Research cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, TD Securities raised their price objective on Wheaton Precious Metals from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wheaton Precious Metals presently has a consensus rating of “Buy” and an average target price of $31.14.

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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