Quadrature Capital Ltd Sells 124,400 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Quadrature Capital Ltd cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 22.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,200 shares of the company's stock after selling 124,400 shares during the period. Quadrature Capital Ltd owned 0.09% of Wheaton Precious Metals worth $25,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WPM. Charles Schwab Investment Management Inc. boosted its stake in shares of Wheaton Precious Metals by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company's stock valued at $58,422,000 after purchasing an additional 36,970 shares during the last quarter. Well Done LLC lifted its holdings in Wheaton Precious Metals by 173.9% in the third quarter. Well Done LLC now owns 38,108 shares of the company's stock valued at $2,328,000 after buying an additional 24,196 shares during the period. Lighthouse Investment Partners LLC bought a new stake in Wheaton Precious Metals during the second quarter valued at $1,016,000. Swiss National Bank grew its holdings 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 acquiring an additional 10,600 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Wheaton Precious Metals in the 3rd quarter worth about $1,287,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Analysts Set New Price Targets

WPM has been the topic of several research analyst reports. Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. Scotiabank boosted 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 report on Monday, August 19th. TD Securities raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Jefferies Financial Group upped their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.67.

Wheaton Precious Metals Stock Performance

WPM traded down $0.06 during midday trading on Thursday, reaching $62.90. 653,340 shares of the company were exchanged, compared to its average volume of 1,770,342. The company has a market cap of $28.54 billion, a price-to-earnings ratio of 46.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The company's fifty day moving average price is $62.94 and its 200 day moving average price is $59.54.

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. The business had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same period in the prior year, the firm posted $0.27 EPS. As a group, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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.