15,558 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,558 shares of the company's stock, valued at approximately $950,000.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of 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 worth $1,047,621,000 after acquiring an additional 197,426 shares in the last quarter. Vanguard Group Inc. raised its holdings in Wheaton Precious Metals by 1.7% during 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Wheaton Precious Metals by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company's stock worth $344,483,000 after buying an additional 1,010,307 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Wheaton Precious Metals by 22.5% during the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock worth $311,920,000 after buying an additional 1,092,480 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Wheaton Precious Metals by 4.5% in 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 buying an additional 155,726 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 1.1 %

Shares of NYSE:WPM traded down $0.65 during midday trading on Friday, hitting $58.68. The stock had a trading volume of 1,372,414 shares, compared to its average volume of 1,774,457. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The stock has a 50 day moving average price of $62.75 and a two-hundred day moving average price of $58.76. The company has a market capitalization of $26.62 billion, a PE ratio of 44.28, a P/E/G ratio of 2.15 and a beta of 0.77.

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, meeting analysts' consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the company earned $0.27 EPS. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is 46.27%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WPM shares. 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. Raymond James raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of "Moderate Buy" and a consensus 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.