Wheaton Precious Metals Corp (NYSE:WPM) Position Increased by EagleClaw Capital Managment LLC
EagleClaw Capital Managment LLC increased its position in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,275 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Wheaton Precious Metals comprises approximately 1.1% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 25th biggest holding. EagleClaw Capital Managment LLC’s holdings in Wheaton Precious Metals were worth $2,591,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Legacy Bridge LLC bought a new position in Wheaton Precious Metals during the first quarter valued at about $54,000. NEXT Financial Group Inc raised its holdings in Wheaton Precious Metals by 67.0% during the second quarter. NEXT Financial Group Inc now owns 2,263 shares of the company’s stock valued at $55,000 after buying an additional 908 shares in the last quarter. Willingdon Wealth Management bought a new position in Wheaton Precious Metals during the first quarter valued at about $61,000. Beutel Goodman & Co Ltd. bought a new position in Wheaton Precious Metals during the first quarter valued at about $62,000. Finally, Cullen Frost Bankers Inc. bought a new position in Wheaton Precious Metals during the first quarter valued at about $110,000. Institutional investors and hedge funds own 55.18% of the company’s stock.
Shares of Wheaton Precious Metals stock traded down $0.09 during trading on Monday, reaching $26.97. The company’s stock had a trading volume of 48,987 shares, compared to its average volume of 2,392,111. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a fifty day moving average price of $24.32. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 56.12, a price-to-earnings-growth ratio of 10.18 and a beta of -0.01. Wheaton Precious Metals Corp has a one year low of $15.08 and a one year high of $27.50.
WPM has been the topic of several recent research reports. Barclays lowered Barrick Gold from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $15.00 to $18.00 in a report on Tuesday, July 16th. Canaccord Genuity restated a “buy” rating on shares of Wheaton Precious Metals in a report on Friday, July 19th. Deutsche Bank set a $81.00 target price on Franco Nevada and gave the company a “hold” rating in a report on Thursday, July 11th. GMP Securities lowered Detour Gold from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $30.88.
About Wheaton Precious Metals
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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