Twinbeech Capital LP Takes $749,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Twinbeech Capital LP purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,313 shares of the company's stock, valued at approximately $749,000.

A number of other large investors have also recently bought and sold shares of WPM. Barclays PLC grew its stake in Wheaton Precious Metals by 9.9% during the third quarter. Barclays PLC now owns 315,914 shares of the company's stock worth $19,297,000 after buying an additional 28,485 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of 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 acquiring an additional 179 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Wheaton Precious Metals by 10.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 9,343 shares of the company's stock worth $525,000 after acquiring an additional 897 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Wheaton Precious Metals by 8.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 33,406 shares of the company's stock worth $1,879,000 after acquiring an additional 2,495 shares during the last quarter. Finally, Perfromance Wealth Partners LLC lifted its holdings in shares of Wheaton Precious Metals by 209.6% in the fourth quarter. Perfromance Wealth Partners LLC now owns 11,148 shares of the company's stock worth $627,000 after acquiring an additional 7,547 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of research reports. UBS Group increased their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada raised their price objective 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. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, CIBC raised their price objective 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. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $85.90.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM traded down $1.34 during mid-day trading on Tuesday, reaching $85.28. 596,010 shares of the company's stock were exchanged, compared to its average volume of 1,853,866. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $87.42. The firm has a 50-day moving average price of $79.90 and a two-hundred day moving average price of $68.97. The firm has a market capitalization of $38.70 billion, a price-to-earnings ratio of 63.64, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. Wheaton Precious Metals's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's 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.