We Are One Seven LLC Has $561,000 Stake in Wheaton Precious Metals Corp (WPM)

We Are One Seven LLC increased its holdings in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 177.9% during the first quarter, HoldingsChannel.com reports. The fund owned 23,571 shares of the company’s stock after buying an additional 15,090 shares during the period. We Are One Seven LLC’s holdings in Wheaton Precious Metals were worth $561,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cerebellum GP LLC grew its position in shares of Wheaton Precious Metals by 5.3% during the 4th quarter. Cerebellum GP LLC now owns 11,380 shares of the company’s stock valued at $222,000 after acquiring an additional 575 shares during the period. Usca Ria LLC grew its position in shares of Wheaton Precious Metals by 3.1% during the 4th quarter. Usca Ria LLC now owns 19,978 shares of the company’s stock valued at $390,000 after acquiring an additional 601 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Wheaton Precious Metals by 6.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 12,809 shares of the company’s stock valued at $250,000 after acquiring an additional 809 shares during the period. Gluskin Sheff & Assoc Inc. grew its position in shares of Wheaton Precious Metals by 1.1% during the 4th quarter. Gluskin Sheff & Assoc Inc. now owns 95,820 shares of the company’s stock valued at $1,870,000 after acquiring an additional 1,010 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Wheaton Precious Metals by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,221 shares of the company’s stock valued at $434,000 after buying an additional 1,170 shares in the last quarter. Hedge funds and other institutional investors own 55.48% of the company’s stock.

Shares of Wheaton Precious Metals stock opened at $23.55 on Thursday. The stock has a market capitalization of $10.46 billion and a P/E ratio of 49.06. Wheaton Precious Metals Corp has a twelve month low of $15.08 and a twelve month high of $25.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.76 and a current ratio of 2.76.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $196.59 million for the quarter, compared to analyst estimates of $191.71 million. Wheaton Precious Metals had a net margin of 53.79% and a return on equity of 4.18%. Wheaton Precious Metals’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS. Sell-side analysts forecast that Wheaton Precious Metals Corp will post 0.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, April 5th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, April 4th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 75.00%.

A number of research analysts recently weighed in on WPM shares. TD Securities raised their price target on shares of Wheaton Precious Metals from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, December 17th. Scotiabank set a $35.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research note on Friday, December 14th. Credit Suisse Group lowered shares of Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 19th. Royal Bank of Canada raised their price target on shares of Wheaton Precious Metals from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, December 17th. Finally, Canaccord Genuity reaffirmed an “average” rating and issued a $41.00 price target on shares of Wheaton Precious Metals in a research note on Sunday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.00.

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About Wheaton Precious Metals

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 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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Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp (NYSE:WPM).

Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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