Tudor Investment Corp Et Al Makes New $273,000 Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

Tudor Investment Corp Et Al bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,536 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimension Capital Management LLC bought a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $28,000. Diversified LLC bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $33,000. Berman Capital Advisors LLC raised its stake in Wheaton Precious Metals by 779.1% during the 4th quarter. Berman Capital Advisors LLC now owns 1,301 shares of the company’s stock worth $54,000 after acquiring an additional 1,153 shares during the period. Capstone Triton Financial Group LLC bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $70,000. Finally, Banque Cantonale Vaudoise bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $75,000. Institutional investors own 59.45% of the company’s stock.

WPM stock opened at $40.62 on Thursday. The firm has a fifty day moving average price of $38.21 and a 200 day moving average price of $42.51. Wheaton Precious Metals Corp. has a fifty-two week low of $28.94 and a fifty-two week high of $57.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a market cap of $18.26 billion, a PE ratio of 51.42, a price-to-earnings-growth ratio of 8.78 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $286.20 million for the quarter, compared to analysts’ expectations of $296.32 million. Wheaton Precious Metals had a return on equity of 6.50% and a net margin of 37.30%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 13th. Shareholders of record on Friday, March 26th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.28%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, March 25th. Wheaton Precious Metals’s payout ratio is presently 85.71%.

Several equities research analysts have recently issued reports on WPM shares. Raymond James reduced their price objective on shares of Wheaton Precious Metals from $62.00 to $57.00 and set an “outperform” rating on the stock in a research report on Tuesday. Stifel Nicolaus upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, February 8th. TD Securities reiterated a “buy” rating and set a $76.00 price objective (up previously from $60.00) on shares of Wheaton Precious Metals in a research report on Tuesday, March 16th. Zacks Investment Research cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research report on Thursday, January 14th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $82.00 price objective on shares of Wheaton Precious Metals in a research report on Thursday, March 18th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Wheaton Precious Metals has an average rating of “Buy” and an average target price of $56.58.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, and palladium ores. It has agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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