Toroso Investments LLC Has $1.17 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Toroso Investments LLC reduced its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Rating) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,237 shares of the company’s stock after selling 1,100 shares during the period. Toroso Investments LLC’s holdings in Wheaton Precious Metals were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. BlackRock Inc. boosted its position in shares of Wheaton Precious Metals by 245.5% in the first quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock valued at $120,401,000 after acquiring an additional 1,798,086 shares during the period. AMF Tjanstepension AB boosted its holdings in Wheaton Precious Metals by 154.3% in the 3rd quarter. AMF Tjanstepension AB now owns 1,852,212 shares of the company’s stock valued at $60,319,000 after purchasing an additional 1,123,931 shares during the period. Balyasny Asset Management LLC acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth approximately $33,985,000. Renaissance Technologies LLC increased its holdings in shares of Wheaton Precious Metals by 41.7% during the first quarter. Renaissance Technologies LLC now owns 2,787,718 shares of the company’s stock worth $132,641,000 after purchasing an additional 821,061 shares during the period. Finally, Neuberger Berman Group LLC raised its position in shares of Wheaton Precious Metals by 665.2% in the first quarter. Neuberger Berman Group LLC now owns 888,189 shares of the company’s stock valued at $42,304,000 after buying an additional 772,118 shares in the last quarter. 57.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WPM shares. TheStreet raised Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Tuesday, November 22nd. StockNews.com started coverage on Wheaton Precious Metals in a research report on Thursday. They issued a “hold” rating on the stock. Barclays boosted their price target on Wheaton Precious Metals from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, January 30th. TD Securities reduced their price objective on shares of Wheaton Precious Metals from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, National Bank Financial dropped their target price on shares of Wheaton Precious Metals from C$70.00 to C$68.00 in a research report on Tuesday, February 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.38.

Wheaton Precious Metals Stock Up 4.4 %

NYSE:WPM opened at $45.30 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $28.62 and a twelve month high of $51.90. The stock’s 50-day simple moving average is $43.18 and its 200 day simple moving average is $38.04. The firm has a market capitalization of $20.49 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 7.61 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM – Get Rating) last posted its quarterly earnings results on Friday, March 10th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $236.05 million during the quarter, compared to analyst estimates of $241.70 million. Wheaton Precious Metals had a net margin of 62.83% and a return on equity of 7.76%. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.16 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Friday, March 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. Wheaton Precious Metals’s payout ratio is presently 40.54%.

Wheaton Precious Metals Company Profile

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Wheaton Precious Metals Corp. is a mining company engages in the sale of precious metals and cobalt production. It operates through the following business segments: Gold, Silver, Palladium, Cobalt, and Other. The company was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.