Wheaton Precious Metals Corp. (NYSE:WPM) Holdings Raised by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 101.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 461,204 shares of the company's stock after buying an additional 232,000 shares during the quarter. Two Sigma Advisers LP owned 0.10% of Wheaton Precious Metals worth $25,938,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $472,648,000. Capital International Investors purchased a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $263,810,000. Arrowstreet Capital Limited Partnership acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at $72,657,000. Van ECK Associates Corp increased its stake in Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock worth $1,154,843,000 after buying an additional 1,231,999 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Wheaton Precious Metals by 1,321.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock worth $68,720,000 after buying an additional 1,135,603 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WPM has been the topic of a number of analyst reports. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective on the stock. UBS Group upped their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, CIBC raised their price target on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals Stock Up 2.5%

WPM stock traded up $2.11 during trading on Friday, hitting $86.67. 1,505,247 shares of the company's stock traded hands, compared to its average volume of 1,674,956. The stock has a market capitalization of $39.33 billion, a price-to-earnings ratio of 64.68, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $87.42. The stock has a fifty day moving average price of $79.69 and a two-hundred day moving average price of $68.75.

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

Wheaton Precious Metals Announces Dividend

The business 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 dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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.