Two Sigma Securities LLC Takes $791,000 Position in Wheaton Precious Metals Corp. $WPM

Two Sigma Securities LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, Holdings Channel reports. The fund acquired 7,046 shares of the company’s stock, valued at approximately $791,000.

Several other institutional investors have also made changes to their positions in the business. Cornerstone Planning Group LLC increased its stake in Wheaton Precious Metals by 245.5% in the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after acquiring an additional 162 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in Wheaton Precious Metals by 100.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after purchasing an additional 117 shares during the period. Hollencrest Capital Management lifted its stake in Wheaton Precious Metals by 73.5% during the first quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in Wheaton Precious Metals during the fourth quarter worth about $28,000. Finally, Navalign LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $30,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $144.80 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. The firm has a market cap of $65.76 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.67 and a beta of 0.55. Wheaton Precious Metals Corp. has a 12 month low of $92.57 and a 12 month high of $165.76. The company’s 50-day moving average price is $123.69 and its two-hundred day moving average price is $131.21.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The company had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. During the same quarter last year, the business posted $0.63 earnings per share. The company’s revenue was up 84.7% on a year-over-year basis. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 4.79 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a $0.195 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.5%. Wheaton Precious Metals’s payout ratio is presently 17.29%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WPM shares. Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a research note on Tuesday, July 28th. Jefferies Financial Group cut their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Weiss Ratings lowered Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. UBS Group lowered their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $165.55.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.