Balyasny Asset Management L.P. Has $683,000 Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Balyasny Asset Management L.P. trimmed its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 70.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,144 shares of the company's stock after selling 28,774 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Wheaton Precious Metals were worth $683,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WPM. Fielder Capital Group LLC increased its holdings in shares of Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock valued at $1,389,000 after purchasing an additional 176 shares during the period. Signaturefd LLC lifted its holdings in Wheaton Precious Metals by 1.5% in the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after purchasing an additional 178 shares during the period. Merit Financial Group LLC lifted its holdings in Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after purchasing an additional 179 shares during the period. Pacer Advisors Inc. lifted its holdings in Wheaton Precious Metals by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after purchasing an additional 216 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in Wheaton Precious Metals by 4.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock worth $344,000 after purchasing an additional 258 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WPM. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. CIBC upped their price target on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. Royal Bank of Canada upped their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective for the company. Finally, StockNews.com raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and a consensus target price of $85.90.

Wheaton Precious Metals Stock Up 2.2%

Shares of WPM traded up $1.79 during trading hours on Wednesday, reaching $84.77. The company's stock had a trading volume of 547,701 shares, compared to its average volume of 1,668,307. The firm has a market cap of $38.47 billion, a price-to-earnings ratio of 63.30, a P/E/G ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 1-year low of $51.96 and a 1-year high of $87.42. The company has a 50 day moving average of $79.07 and a two-hundred day moving average of $68.35.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm's quarterly revenue was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. Wheaton Precious Metals's dividend payout ratio is 48.53%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.