XTX Topco Ltd Has $225,000 Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

XTX Topco Ltd lowered its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 72.0% during the second quarter, HoldingsChannel.com reports. The firm owned 4,286 shares of the company’s stock after selling 11,038 shares during the quarter. XTX Topco Ltd’s holdings in Wheaton Precious Metals were worth $225,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Marketfield Asset Management LLC boosted its holdings in Wheaton Precious Metals by 61.0% in the fourth quarter. Marketfield Asset Management LLC now owns 88,025 shares of the company’s stock worth $4,343,000 after purchasing an additional 33,337 shares in the last quarter. Financial Sense Advisors Inc. increased its holdings in shares of Wheaton Precious Metals by 54.0% during the 1st quarter. Financial Sense Advisors Inc. now owns 56,836 shares of the company’s stock valued at $2,679,000 after acquiring an additional 19,924 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Wheaton Precious Metals in the 1st quarter valued at approximately $1,752,000. FIL Ltd lifted its holdings in Wheaton Precious Metals by 5.5% in the 4th quarter. FIL Ltd now owns 10,646,479 shares of the company’s stock worth $525,235,000 after purchasing an additional 550,804 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Wheaton Precious Metals by 8.5% during the first quarter. Russell Investments Group Ltd. now owns 878,049 shares of the company’s stock worth $41,227,000 after purchasing an additional 68,755 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of recent analyst reports. Raymond James lifted their price target on shares of Wheaton Precious Metals from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. TD Securities cut their target price on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Berenberg Bank upped their price target on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Scotiabank lifted their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, CIBC increased their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.63.

Wheaton Precious Metals Trading Down 2.8 %

Shares of WPM stock opened at $62.45 on Monday. Wheaton Precious Metals Corp. has a 12 month low of $38.37 and a 12 month high of $64.82. The company has a market capitalization of $28.33 billion, a P/E ratio of 48.04, a P/E/G ratio of 2.31 and a beta of 0.78. The stock has a 50 day moving average of $59.98 and a two-hundred day moving average of $55.51.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. Wheaton Precious Metals’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.42 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.155 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 0.99%. Wheaton Precious Metals’s payout ratio is currently 47.69%.

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.