Wheaton Precious Metals Corp. $WPM Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 30.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,743,476 shares of the company’s stock after buying an additional 632,429 shares during the period. Arrowstreet Capital Limited Partnership owned 0.60% of Wheaton Precious Metals worth $246,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPM. Bulwark Capital Corp acquired a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at $27,000. Delta Asset Management LLC TN purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth $27,000. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals in the first quarter worth approximately $38,000. City State Bank raised its holdings in 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 buying an additional 160 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Wheaton Precious Metals during the first quarter worth approximately $64,000. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday. Berenberg Bank increased their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. CIBC increased their price objective on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Scotiabank reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Thursday, October 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $124.00.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $107.60 on Wednesday. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.36. The stock’s fifty day moving average price is $103.82 and its two-hundred day moving average price is $97.46. The firm has a market cap of $48.85 billion, a price-to-earnings ratio of 62.20, a P/E/G ratio of 1.67 and a beta of 0.38.

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

Wheaton Precious Metals Dividend Announcement

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

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.