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

Two Sigma Investments LP boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 114.8% during the fourth quarter, according to 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 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $472,648,000. Capital International Investors acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $263,810,000. Arrowstreet Capital Limited Partnership bought a new stake in Wheaton Precious Metals during the 4th quarter valued at approximately $72,657,000. Van ECK Associates Corp grew its holdings in Wheaton Precious Metals by 6.4% in 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 buying an additional 1,231,999 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew 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 valued at $68,720,000 after buying an additional 1,135,603 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Raymond James increased their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, April 15th. Scotiabank upped their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Finally, CIBC upped their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals Trading Up 2.4%

NYSE WPM opened at $80.39 on Tuesday. Wheaton Precious Metals Corp. has a 1-year low of $51.96 and a 1-year high of $87.42. The company has a market capitalization of $36.48 billion, a price-to-earnings ratio of 59.99, a PEG ratio of 1.91 and a beta of 0.49. The stock's 50 day moving average is $78.87 and its two-hundred day moving average is $68.24.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced 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. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Wheaton Precious Metals's quarterly revenue was up 58.4% on a year-over-year basis. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.53%.

Wheaton Precious Metals 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.

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