Brokerages Set $27.81 Target Price for Silver Wheaton Corp (WPM)

A-Mark Precious Metals earned a daily sentiment score of 0.05 on Accern's scale. AQR Capital Management LLC now owns 47,752 shares of the company's stock valued at $168,000 after buying an additional 12,572 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Barrick Gold Corporation by 275.8% in the first quarter. Teachers Advisors LLC now owns 140,014 shares of the basic materials company's stock valued at $8,870,000 after buying an additional 17,977 shares during the period. Finally, Shell Asset Management Co. boosted its stake in shares of New Gold by 1.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,608 shares of the basic materials company's stock valued at $106,000 after buying an additional 506 shares in the last quarter. Two Sigma Securities LLC acquired a new position in New Gold during the first quarter valued at approximately $166,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company.

Shares of Asanko Gold Inc (NYSEMKT AKG) opened at 1.06 on Thursday. (NYSE:SLW), 9 have Buy rating, 0 Sell and 3 Hold. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 40.90 and a beta of 0.40. The firm has a 50-day moving average of $79.91 and a 200-day moving average of $73.53. The Firm has entered into long-term purchase agreements and early deposit long-term purchase agreement associated with silver and gold, relating to mining assets, whereby Silver Wheaton acquires silver and gold production at various mines.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its earnings results on Wednesday, July 26th. Royal Gold had a net margin of 23.93% and a return on equity of 4.22%. During the same period a year ago, the company earned ($0.02) earnings per share. The company's quarterly revenue was up 14.4% compared to the same quarter previous year. On average, equities research analysts forecast that New Gold Inc. will post $0.08 earnings per share for the current fiscal year. The ex-dividend date is Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.70%. Royal Gold's dividend payout ratio is now 61.15%.

Wheaton Precious Metals Corp (SLW) traded up 1.26% during midday trading on Thursday, hitting $20.91. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and global copyright and trademark law. The original version of this story can be read at https://weekherald.com/2017/08/03/asa-gold-precious-metals-ltd-has-1590000-stake-in-new-gold-inc-nysengd.html.

WPM has been the subject of several recent analyst reports. Raymond James Financial, Inc. reiterated a "market perform" rating and set a $3.50 price target on shares of New Gold in a report on Thursday, June 15th. Deutsche Bank AG reaffirmed a "hold" rating and set a $29.00 price objective (down previously from $31.00) on shares of Silver Wheaton Corp in a research report on Sunday, June 25th. Zacks Investment Research upgraded New Gold from a "hold" rating to a "buy" rating and set a $3.25 price target for the company in a report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. Asanko Gold has a consensus rating of "Buy" and a consensus target price of $4.75.

Barrick Gold Corporation (Barrick) is a gold mining company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The stock declined 0.33% or $0.07 reaching $19.92 per share. The shares were sold at an average price of $80.00, for a total transaction of $2,000,000.00.