SG Americas Securities LLC cut its position in shares of Wheaton Precious Metals Corp (NYSE:SLW) (TSE:SLW) by 77.8% during the first quarter, Holdings Channel reports. The institutional investor owned 42,937 shares of the mining company’s stock after selling 150,689 shares during the period. SG Americas Securities LLC’s holdings in Wheaton Precious Metals Corp were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. World Asset Management Inc raised its position in shares of Wheaton Precious Metals Corp by 3.1% in the first quarter. World Asset Management Inc now owns 27,405 shares of the mining company’s stock worth $571,000 after buying an additional 824 shares in the last quarter. Comerica Bank raised its position in shares of Wheaton Precious Metals Corp by 4.3% in the fourth quarter. Comerica Bank now owns 137,377 shares of the mining company’s stock worth $2,812,000 after buying an additional 5,622 shares in the last quarter. Credit Agricole S A raised its position in shares of Wheaton Precious Metals Corp by 72.8% in the fourth quarter. Credit Agricole S A now owns 618,585 shares of the mining company’s stock worth $11,951,000 after buying an additional 260,559 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Wheaton Precious Metals Corp by 1.6% in the first quarter. Pinnacle Associates Ltd. now owns 91,629 shares of the mining company’s stock worth $1,910,000 after buying an additional 1,483 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Wheaton Precious Metals Corp by 34.6% in the first quarter. Envestnet Asset Management Inc. now owns 31,151 shares of the mining company’s stock worth $647,000 after buying an additional 8,003 shares in the last quarter. 49.16% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Wheaton Precious Metals Corp (SLW) opened at 20.91 on Friday. The stock’s 50 day moving average price is $20.62 and its 200-day moving average price is $20.38. Wheaton Precious Metals Corp has a 52-week low of $16.94 and a 52-week high of $31.35.

Wheaton Precious Metals Corp (NYSE:SLW) (TSE:SLW) last announced its quarterly earnings results on Tuesday, May 9th. The mining company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $197.95 million during the quarter, compared to analysts’ expectations of $217.84 million. Wheaton Precious Metals Corp had a return on equity of 5.34% and a net margin of 1.80%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. On average, analysts expect that Wheaton Precious Metals Corp will post $0.64 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Thursday, May 25th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, May 23rd. Wheaton Precious Metals Corp’s dividend payout ratio (DPR) is presently 2,402.40%.

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SLW has been the topic of a number of research reports. Deutsche Bank AG upped their price objective on Wheaton Precious Metals Corp from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, May 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Wheaton Precious Metals Corp in a report on Tuesday, March 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Wheaton Precious Metals Corp in a report on Friday, March 31st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $22.00 price objective (up from $21.87) on shares of Wheaton Precious Metals Corp in a report on Thursday, April 13th. Finally, Scotiabank decreased their price objective on Wheaton Precious Metals Corp from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Wheaton Precious Metals Corp presently has an average rating of “Buy” and a consensus target price of $28.27.

Wheaton Precious Metals Corp Company Profile

Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.

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