Flow Traders U.S. LLC Makes New $523,000 Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

Flow Traders U.S. LLC purchased 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 & Exchange Commission. The fund purchased 8,569 shares of the company's stock, valued at approximately $523,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Wheaton Precious Metals by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company's stock worth $58,422,000 after purchasing an additional 36,970 shares in the last quarter. Well Done LLC grew its position in Wheaton Precious Metals by 173.9% during the 3rd quarter. Well Done LLC now owns 38,108 shares of the company's stock worth $2,328,000 after purchasing an additional 24,196 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Wheaton Precious Metals during the 2nd quarter worth approximately $1,016,000. Swiss National Bank grew its position in Wheaton Precious Metals by 0.8% during the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company's stock worth $83,854,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Wheaton Precious Metals during the 3rd quarter worth approximately $1,287,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WPM shares. Scotiabank lifted their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. 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 objective on the stock. TD Securities lifted 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 note on Friday, November 8th. Raymond James lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, National Bank Financial raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded down $0.03 on Thursday, hitting $62.93. The company's stock had a trading volume of 1,365,973 shares, compared to its average volume of 1,773,534. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The firm's fifty day moving average price is $62.94 and its 200-day moving average price is $59.54. The stock has a market capitalization of $28.55 billion, a price-to-earnings ratio of 46.99, a P/E/G ratio of 1.77 and a beta of 0.75.

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

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is 46.27%.

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.