Duality Advisers LP Has $2.39 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Duality Advisers LP boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 114.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,342 shares of the company’s stock after purchasing an additional 25,823 shares during the period. Duality Advisers LP’s holdings in Wheaton Precious Metals were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CVA Family Office LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $31,000. Mechanics Financial Corp increased its position in shares of Wheaton Precious Metals by 200.0% during the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock worth $36,000 after purchasing an additional 600 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Wheaton Precious Metals by 230.7% during the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock worth $43,000 after purchasing an additional 602 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Wheaton Precious Metals by 38.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock worth $48,000 after purchasing an additional 328 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 2.3 %

WPM stock traded down $1.22 during trading hours on Monday, hitting $51.43. 917,041 shares of the stock were exchanged, compared to its average volume of 2,139,760. Wheaton Precious Metals Corp. has a 12 month low of $38.37 and a 12 month high of $54.30. The firm has a market capitalization of $23.31 billion, a P/E ratio of 44.24, a P/E/G ratio of 7.23 and a beta of 0.77. The company has a 50-day simple moving average of $45.86 and a two-hundred day simple moving average of $46.06.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The business had revenue of $313.47 million for the quarter, compared to analyst estimates of $284.29 million. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.24 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is presently 52.10%.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of recent analyst reports. Raymond James lowered their target price on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. Berenberg Bank raised their target price on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $53.00 in a report on Monday, March 18th. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Finally, BMO Capital Markets reduced their target price on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.23.

About Wheaton Precious Metals

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.