DF Dent & Co. Inc. Has $2.76 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

DF Dent & Co. Inc. grew its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 44.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,200 shares of the company's stock after buying an additional 14,000 shares during the quarter. DF Dent & Co. Inc.'s holdings in Wheaton Precious Metals were worth $2,761,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WPM. National Bank of Canada FI boosted its stake in Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company's stock worth $178,551,000 after purchasing an additional 513,890 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of Wheaton Precious Metals by 2.2% in the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock valued at $522,000 after purchasing an additional 187 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Wheaton Precious Metals by 42.7% in the third quarter. Wellington Management Group LLP now owns 133,627 shares of the company's stock worth $8,170,000 after buying an additional 39,979 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Wheaton Precious Metals by 18.0% during the third quarter. Quantinno Capital Management LP now owns 13,147 shares of the company's stock valued at $803,000 after buying an additional 2,004 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Wheaton Precious Metals during the third quarter valued at $685,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded down $1.60 during trading on Friday, reaching $61.33. The company had a trading volume of 1,062,204 shares, compared to its average volume of 1,745,982. The firm's 50 day simple moving average is $62.89 and its two-hundred day simple moving average is $59.60. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The company has a market capitalization of $27.82 billion, a PE ratio of 45.77, a PEG ratio of 1.76 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same quarter last year, the firm posted $0.27 earnings per share. Analysts forecast that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is 46.27%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective on the stock. Scotiabank lifted 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 research note on Monday, August 19th. Raymond James upped their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.