Cubist Systematic Strategies LLC Takes Position in Wheaton Precious Metals Corp (WPM)
Cubist Systematic Strategies LLC acquired a new stake in Wheaton Precious Metals Corp (NYSE:WPM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 21,495 shares of the company’s stock, valued at approximately $474,000.
Several other large investors have also made changes to their positions in WPM. Bank of Montreal Can acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at about $201,760,000. Toronto Dominion Bank lifted its stake in shares of Wheaton Precious Metals by 50.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,042,568 shares of the company’s stock valued at $67,044,000 after purchasing an additional 1,018,780 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at about $17,605,000. Selz Capital LLC acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at about $16,971,000. Finally, Van ECK Associates Corp lifted its stake in shares of Wheaton Precious Metals by 3.9% in the 2nd quarter. Van ECK Associates Corp now owns 20,306,408 shares of the company’s stock valued at $447,961,000 after purchasing an additional 753,871 shares during the period. 52.18% of the stock is currently owned by institutional investors.
WPM stock opened at $17.24 on Friday. Wheaton Precious Metals Corp has a fifty-two week low of $15.18 and a fifty-two week high of $22.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.76 and a current ratio of 4.76. The company has a market cap of $7.46 billion, a P/E ratio of 27.37, a PEG ratio of 6.03 and a beta of 0.21.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Wednesday, August 29th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Tuesday, August 28th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 57.14%.
A number of brokerages have recently issued reports on WPM. ValuEngine raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research raised Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Wheaton Precious Metals in a research note on Monday, June 18th. Finally, Raymond James upped their price target on Wheaton Precious Metals from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Wheaton Precious Metals has a consensus rating of “Buy” and a consensus price target of $26.50.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming 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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