Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,273,160 shares of the company's stock after buying an additional 218,575 shares during the quarter. CIBC Asset Management Inc owned approximately 0.50% of Wheaton Precious Metals worth $140,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WPM. Van ECK Associates Corp increased its holdings in Wheaton Precious Metals by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company's stock valued at $1,047,621,000 after acquiring an additional 197,426 shares during the last quarter. Vanguard Group Inc. increased its stake in Wheaton Precious Metals by 1.7% in the first quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company's stock worth $790,392,000 after purchasing an additional 272,918 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Wheaton Precious Metals by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company's stock valued at $344,483,000 after purchasing an additional 1,010,307 shares during the period. TD Asset Management Inc increased its stake in shares of Wheaton Precious Metals by 22.5% during the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock valued at $311,920,000 after buying an additional 1,092,480 shares during the period. Finally, National Bank of Canada FI boosted its position in Wheaton Precious Metals by 4.5% during the 1st quarter. National Bank of Canada FI now owns 3,585,388 shares of the company's stock valued at $168,979,000 after acquiring an additional 155,726 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Performance

NYSE WPM traded down $0.79 during mid-day trading on Friday, reaching $58.54. 552,591 shares of the stock were exchanged, compared to its average volume of 1,770,764. The business's fifty day simple moving average is $62.75 and its 200 day simple moving average is $58.76. The stock has a market capitalization of $26.56 billion, a PE ratio of 44.28, a PEG ratio of 2.15 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $308.25 million for the quarter, compared to analyst estimates 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 prior year, the firm posted $0.27 EPS. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is presently 46.27%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WPM. Raymond James increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Stifel Canada downgraded Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Scotiabank lifted their price target 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. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Finally, TD Securities increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.88.

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.