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


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

A number of other hedge funds also recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its stake in Wheaton Precious Metals by 6.5% in the 4th quarter. D.A. Davidson & CO. now owns 4,981 shares of the company’s stock worth $208,000 after buying an additional 306 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Wheaton Precious Metals by 6.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,685 shares of the company’s stock worth $279,000 after buying an additional 396 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Wheaton Precious Metals by 13.3% in the 4th quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock worth $142,000 after buying an additional 400 shares in the last quarter. Guardian Capital Advisors LP grew its stake in Wheaton Precious Metals by 7.3% in the 4th quarter. Guardian Capital Advisors LP now owns 6,346 shares of the company’s stock worth $286,000 after buying an additional 431 shares in the last quarter. Finally, IHT Wealth Management LLC grew its stake in Wheaton Precious Metals by 4.6% in the 3rd quarter. IHT Wealth Management LLC now owns 11,782 shares of the company’s stock worth $578,000 after buying an additional 513 shares in the last quarter. 59.45% of the stock is owned by institutional investors and hedge funds.

NYSE:WPM opened at $40.62 on Thursday. The company has a fifty day moving average of $38.21 and a 200 day moving average of $42.51. Wheaton Precious Metals Corp. has a 52 week low of $28.94 and a 52 week high of $57.89. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $18.26 billion, a P/E ratio of 51.42, a P/E/G ratio of 8.78 and a beta of 0.55.

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

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

A number of equities analysts have commented on WPM shares. BMO Capital Markets raised shares of Wheaton Precious Metals from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research note on Monday, March 15th. Zacks Investment Research cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research note on Thursday, January 14th. Royal Bank of Canada raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Monday, March 8th. Berenberg Bank reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a research note on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Wheaton Precious Metals in a research note on Wednesday, March 10th. They issued an “overweight” rating and a $56.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $56.58.

About Wheaton Precious Metals

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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