Two Sigma Investments LP Purchases 474,438 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Two Sigma Investments LP increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 114.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 887,559 shares of the company's stock after buying an additional 474,438 shares during the quarter. Two Sigma Investments LP owned approximately 0.20% of Wheaton Precious Metals worth $49,916,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WPM. Van ECK Associates Corp lifted its holdings 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 valued at $1,154,843,000 after purchasing an additional 1,231,999 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Wheaton Precious Metals by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock valued at $994,733,000 after purchasing an additional 281,123 shares during the last quarter. FMR LLC lifted its holdings in Wheaton Precious Metals by 5.9% during the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock valued at $873,995,000 after purchasing an additional 863,306 shares during the last quarter. Royal Bank of Canada lifted its holdings in Wheaton Precious Metals by 5.0% during the 4th quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock valued at $530,057,000 after purchasing an additional 447,702 shares during the last quarter. Finally, Norges Bank acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at $472,648,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group boosted their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Scotiabank lifted their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. Finally, Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $85.90.

Wheaton Precious Metals Stock Up 2.5%

WPM traded up $2.11 during trading on Friday, hitting $86.67. The company's stock had a trading volume of 1,505,247 shares, compared to its average volume of 1,677,595. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $87.42. The stock's fifty day moving average price is $79.69 and its 200-day moving average price is $68.79. The firm has a market capitalization of $39.33 billion, a P/E ratio of 64.68, a PEG ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The company's revenue was up 58.4% compared to the same quarter last year. 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 company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. Wheaton Precious Metals's dividend payout ratio is 48.53%.

Wheaton Precious Metals Company Profile

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.