Proficio Capital Partners LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,613 shares of the company's stock, valued at approximately $967,000.

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Other hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC lifted its holdings in shares of Wheaton Precious Metals by 0.6% in the fourth quarter. Parvin Asset Management LLC now owns 11,925 shares of the company's stock valued at $1,401,000 after purchasing an additional 75 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of 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 acquiring an additional 75 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Wheaton Precious Metals by 1.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company's stock worth $494,000 after buying an additional 78 shares during the last quarter. Gables Capital Management Inc. increased its stake in shares of Wheaton Precious Metals by 7.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company's stock worth $127,000 after purchasing an additional 79 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in 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 valued at $3,185,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Analysts Set New Price Targets

WPM has been the topic of several analyst reports. Bank of America lowered their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Scotiabank lowered their target price on Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating for the company in a report on Tuesday, July 14th. UBS Group dropped their price target on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Wall Street Zen downgraded shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a research note on Tuesday, July 28th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.55.

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Get Our Latest Stock Analysis on Wheaton Precious Metals

Wheaton Precious Metals Stock Down 4.9%

Wheaton Precious Metals stock opened at $155.75 on Thursday. Wheaton Precious Metals Corp. has a 1-year low of $92.57 and a 1-year high of $165.76. The firm has a market capitalization of $70.74 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 2.89 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $121.21 and a 200 day simple moving average of $130.97.

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Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.04. The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.Wheaton Precious Metals's quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. On average, analysts predict that Wheaton Precious Metals Corp. will post 4.79 earnings per share 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. Shareholders 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 of this dividend is Thursday, August 20th. Wheaton Precious Metals's payout ratio is 17.29%.

Wheaton Precious Metals Company Profile

(Free Report)

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.

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