85,919 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 85,919 shares of the company's stock, valued at approximately $5,253,000.

Several other institutional investors and hedge funds also recently modified their holdings of WPM. Cetera Investment Advisers grew its holdings in Wheaton Precious Metals by 80.1% during the 1st quarter. Cetera Investment Advisers now owns 37,250 shares of the company's stock valued at $1,756,000 after buying an additional 16,570 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the first quarter worth about $400,000. First Hawaiian Bank acquired a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $229,000. Massmutual Trust Co. FSB ADV boosted its position in Wheaton Precious Metals by 25.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company's stock worth $65,000 after acquiring an additional 253 shares during the last quarter. Finally, CWM LLC raised its holdings in Wheaton Precious Metals by 10.7% in the 2nd quarter. CWM LLC now owns 3,040 shares of the company's stock valued at $159,000 after acquiring an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Up 2.6 %

Shares of NYSE WPM traded up $1.61 on Tuesday, hitting $63.09. The company had a trading volume of 1,240,129 shares, compared to its average volume of 1,779,661. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The firm has a market capitalization of $28.62 billion, a P/E ratio of 47.16, a PEG ratio of 1.72 and a beta of 0.75. The business has a 50 day moving average of $62.97 and a two-hundred day moving average of $59.47.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $308.25 million for the quarter, compared to analysts' expectations of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the previous year, the company posted $0.27 earnings per share. On average, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.98%. Wheaton Precious Metals's dividend payout ratio is presently 46.27%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Raymond James raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Stifel Canada downgraded shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a "buy" rating and a $78.00 price objective for the company. Finally, TD Securities lifted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Company Profile

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.