Equitable Trust Co. Purchases Shares of 41,419 Wheaton Precious Metals Corp. (NYSE:WPM)

Equitable Trust Co. 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 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,419 shares of the company's stock, valued at approximately $2,530,000.

A number of other institutional investors have also recently bought and sold shares of the business. First Eagle Investment Management LLC boosted its stake in Wheaton Precious Metals by 1.4% during the first quarter. First Eagle Investment Management LLC now owns 21,403,409 shares of the company's stock worth $1,008,743,000 after buying an additional 292,968 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of 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 purchasing an additional 197,426 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Wheaton Precious Metals by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company's stock valued at $790,392,000 after purchasing an additional 272,918 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Wheaton Precious Metals by 16.0% in the 1st 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 in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Wheaton Precious Metals by 22.5% in the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock valued at $311,920,000 after purchasing an additional 1,092,480 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded up $0.41 on Friday, hitting $64.82. 2,440,415 shares of the stock were exchanged, compared to its average volume of 1,804,303. The stock has a market capitalization of $29.40 billion, a price-to-earnings ratio of 48.37, a P/E/G ratio of 2.37 and a beta of 0.77. The company's 50-day moving average price is $62.79 and its 200 day moving average price is $58.66. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.91%. The firm had revenue of $299.06 million for the quarter, compared to the consensus estimate of $309.54 million. During the same period last year, the company posted $0.31 EPS. The business's quarterly revenue was up 12.9% on a year-over-year basis. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's payout ratio is presently 46.27%.

Wall Street Analysts Forecast Growth

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

About Wheaton Precious Metals

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.