Dynamic Technology Lab Private Ltd Makes New Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

Dynamic Technology Lab Private Ltd acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 21,070 shares of the company's stock, valued at approximately $1,287,000.

Several other large investors have also recently modified their holdings of WPM. Van ECK Associates Corp boosted its position in Wheaton Precious Metals by 1.0% during 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 buying an additional 197,426 shares during the period. TD Asset Management Inc boosted its holdings 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 worth $311,920,000 after purchasing an additional 1,092,480 shares during the period. Cibc World Market Inc. grew its stake in shares of Wheaton Precious Metals by 3.1% in the second quarter. Cibc World Market Inc. now owns 3,574,648 shares of the company's stock worth $187,490,000 after purchasing an additional 108,976 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Wheaton Precious Metals by 10.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company's stock valued at $140,099,000 after purchasing an additional 218,575 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in Wheaton Precious Metals by 19.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,860,608 shares of the company's stock valued at $97,535,000 after purchasing an additional 300,000 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Trading Up 1.8 %

Wheaton Precious Metals stock opened at $62.06 on Wednesday. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The company has a market capitalization of $28.15 billion, a price-to-earnings ratio of 46.31, a price-to-earnings-growth ratio of 2.23 and a beta of 0.77. The business's fifty day simple moving average is $62.99 and its two-hundred day simple moving average is $59.24.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The company 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 quarter in the previous year, the business posted $0.27 EPS. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.00%. Wheaton Precious Metals's payout ratio is currently 46.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WPM. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. Raymond James raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a "buy" rating and a $78.00 price target on the stock. Finally, Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.67.

Wheaton Precious Metals 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.