XTX Topco Ltd Makes New Investment in Wheaton Precious Metals Corp. $WPM

XTX Topco Ltd purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,313 shares of the company’s stock, valued at approximately $1,375,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bulwark Capital Corp acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at about $27,000. Delta Asset Management LLC TN acquired a new stake in Wheaton Precious Metals in the second quarter worth $27,000. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals in the first quarter valued at $38,000. City State Bank boosted its holdings in shares of Wheaton Precious Metals by 40.0% during the second quarter. City State Bank now owns 560 shares of the company’s stock valued at $50,000 after acquiring an additional 160 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of Wheaton Precious Metals during the first quarter worth about $49,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $109.55 on Friday. The company has a 50 day moving average price of $103.77 and a 200 day moving average price of $96.76. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $114.36. The firm has a market capitalization of $49.74 billion, a price-to-earnings ratio of 63.32, a P/E/G ratio of 1.67 and a beta of 0.38.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. The business had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.Wheaton Precious Metals’s revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s payout ratio is presently 30.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Raymond James Financial lifted their price objective on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Bank of America increased their target price on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. Finally, UBS Group raised their price objective on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $124.50.

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.