Swiss National Bank Has $83.85 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Swiss National Bank raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,370,800 shares of the company's stock after buying an additional 10,600 shares during the quarter. Swiss National Bank owned about 0.30% of Wheaton Precious Metals worth $83,854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Natixis Advisors LLC boosted its position in Wheaton Precious Metals by 13.2% during the 3rd quarter. Natixis Advisors LLC now owns 62,683 shares of the company's stock worth $3,829,000 after acquiring an additional 7,332 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Wheaton Precious Metals by 10.6% during the third quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company's stock worth $140,099,000 after purchasing an additional 218,575 shares during the last quarter. Metis Global Partners LLC grew its position in Wheaton Precious Metals by 15.2% in the third quarter. Metis Global Partners LLC now owns 55,050 shares of the company's stock valued at $3,362,000 after purchasing an additional 7,245 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Wheaton Precious Metals in the 3rd quarter valued at $950,000. Finally, Empower Advisory Group LLC bought a new stake in Wheaton Precious Metals during the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WPM. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Raymond James upped their price objective 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 increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Scotiabank boosted their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $71.67.

Wheaton Precious Metals Price Performance

WPM stock traded up $1.25 during midday trading on Tuesday, reaching $62.15. 1,095,966 shares of the company were exchanged, compared to its average volume of 1,771,635. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 45.45, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77. The business has a 50-day moving average price of $62.81 and a two-hundred day moving average price of $58.93. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share 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 firm had revenue of $308.25 million for the quarter, compared to analysts' expectations of $324.57 million. During the same period in the prior year, the firm earned $0.27 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 1.00%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is currently 46.27%.

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.