Two Sigma Advisers LP Reduces Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Two Sigma Advisers LP cut its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 30.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,204 shares of the company's stock after selling 98,100 shares during the quarter. Two Sigma Advisers LP owned about 0.05% of Wheaton Precious Metals worth $14,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Wheaton Precious Metals by 33.7% during the third quarter. FMR LLC now owns 14,665,913 shares of the company's stock worth $895,723,000 after buying an additional 3,692,594 shares in the last quarter. Canoe Financial LP acquired a new stake in Wheaton Precious Metals in the 3rd quarter worth about $113,017,000. Barings LLC bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $65,405,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Wheaton Precious Metals by 1,865.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company's stock worth $76,061,000 after purchasing an additional 1,182,156 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Wheaton Precious Metals by 22.5% during the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock worth $311,920,000 after purchasing an additional 1,092,480 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WPM shares. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Stifel Canada downgraded Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Jefferies Financial Group raised their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. TD Securities upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a "buy" rating and a $78.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded up $0.84 on Monday, reaching $62.17. 1,995,716 shares of the company were exchanged, compared to its average volume of 1,771,900. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The company has a market cap of $28.20 billion, a price-to-earnings ratio of 45.77, a PEG ratio of 1.72 and a beta of 0.75. The company has a 50-day moving average of $62.89 and a 200-day moving average of $59.62.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter in the prior year, the company posted $0.27 earnings per share. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's payout ratio is 46.27%.

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.