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

Twinbeech Capital LP purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,313 shares of the company’s stock, valued at approximately $749,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fielder Capital Group LLC increased its stake in shares of Wheaton Precious Metals by 0.7% in the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock valued at $1,389,000 after acquiring an additional 176 shares during the last quarter. Signaturefd LLC increased its stake in shares of Wheaton Precious Metals by 1.5% in the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company’s stock valued at $668,000 after acquiring an additional 178 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after purchasing an additional 179 shares during the period. Pacer Advisors Inc. grew its position in shares of Wheaton Precious Metals by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock valued at $226,000 after purchasing an additional 216 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in shares of Wheaton Precious Metals by 4.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company’s stock valued at $344,000 after purchasing an additional 258 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Up 2.9%

NYSE WPM opened at $85.35 on Thursday. The company has a market cap of $38.73 billion, a PE ratio of 63.69, a PEG ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42. The stock has a 50 day moving average of $79.30 and a 200-day moving average of $68.46.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $446.33 million. During the same quarter in the prior year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 58.4% on a year-over-year basis. As a group, sell-side analysts predict 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 dividend payout ratio (DPR) is presently 48.53%.

Analysts Set New Price Targets

WPM has been the subject of several research analyst reports. StockNews.com upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an “outperform” rating and a $129.00 price objective for the company. Royal Bank of Canada boosted their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, April 4th. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Finally, UBS Group boosted their price objective 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. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $85.90.

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.