Voloridge Investment Management LLC Boosts Stake in Wheaton Precious Metals Corp (NYSE:WPM)

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Voloridge Investment Management LLC grew its position in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 56.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 171,356 shares of the company’s stock after acquiring an additional 61,779 shares during the period. Voloridge Investment Management LLC’s holdings in Wheaton Precious Metals were worth $4,496,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Banco de Sabadell S.A bought a new position in shares of Wheaton Precious Metals in the third quarter valued at about $36,000. Signaturefd LLC grew its stake in Wheaton Precious Metals by 39.2% in the second quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock valued at $43,000 after acquiring an additional 495 shares during the period. AdvisorNet Financial Inc grew its stake in Wheaton Precious Metals by 36.1% in the third quarter. AdvisorNet Financial Inc now owns 1,905 shares of the company’s stock valued at $50,000 after acquiring an additional 505 shares during the period. Assetmark Inc. raised its stake in Wheaton Precious Metals by 135.8% during the 2nd quarter. Assetmark Inc. now owns 2,014 shares of the company’s stock worth $49,000 after acquiring an additional 1,160 shares in the last quarter. Finally, NEXT Financial Group Inc raised its stake in Wheaton Precious Metals by 67.0% during the 2nd quarter. NEXT Financial Group Inc now owns 2,263 shares of the company’s stock worth $55,000 after acquiring an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 53.23% of the company’s stock.

Several equities research analysts recently commented on WPM shares. Bank of America lifted their price target on shares of Wheaton Precious Metals from $33.50 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Credit Suisse Group lifted their price target on shares of Wheaton Precious Metals from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. TheStreet raised shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Friday, November 15th. Raymond James reissued an “outperform” rating and set a $35.00 price objective on shares of Wheaton Precious Metals in a research report on Monday, November 18th. Finally, BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research report on Tuesday, November 26th. They set a “buy” rating and a $35.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.75.

Shares of Wheaton Precious Metals stock opened at $27.69 on Monday. Wheaton Precious Metals Corp has a 1 year low of $15.43 and a 1 year high of $30.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.67 and a current ratio of 4.67. The company has a market capitalization of $12.38 billion, a P/E ratio of 57.69, a PEG ratio of 9.73 and a beta of -0.12. The company’s fifty day moving average is $26.92 and its two-hundred day moving average is $25.72.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $223.60 million for the quarter, compared to the consensus estimate of $235.93 million. Wheaton Precious Metals had a net margin of 1.85% and a return on equity of 4.07%. Wheaton Precious Metals’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. As a group, equities analysts expect that Wheaton Precious Metals Corp will post 0.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, December 4th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, December 3rd. Wheaton Precious Metals’s payout ratio is 75.00%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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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