Toronto Dominion Bank Has $53.53 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Toronto Dominion Bank increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 58.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876,342 shares of the company's stock after purchasing an additional 322,339 shares during the quarter. Toronto Dominion Bank owned approximately 0.19% of Wheaton Precious Metals worth $53,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WPM. Ridgewood Investments LLC bought a new position in Wheaton Precious Metals in the 2nd quarter valued at approximately $31,000. Abich Financial Wealth Management LLC acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at approximately $31,000. St. Johns Investment Management Company LLC bought a new position in shares of Wheaton Precious Metals during the third quarter valued at $48,000. Sunbelt Securities Inc. acquired a new position in shares of Wheaton Precious Metals during the second quarter worth $47,000. Finally, Dunhill Financial LLC grew its stake in shares of Wheaton Precious Metals by 200.9% in the third quarter. Dunhill Financial LLC now owns 1,050 shares of the company's stock worth $64,000 after purchasing an additional 701 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Jefferies Financial Group raised their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Raymond James lifted 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. Scotiabank increased 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. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. 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 research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Stock Down 4.2 %

NYSE:WPM traded down $2.66 during trading hours on Thursday, reaching $61.39. The company had a trading volume of 1,872,565 shares, compared to its average volume of 1,767,660. The business's 50-day simple moving average is $62.99 and its two-hundred day simple moving average is $59.74. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The firm has a market cap of $27.85 billion, a price-to-earnings ratio of 45.81, a P/E/G ratio of 1.72 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its 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 previous year, the company posted $0.27 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is currently 46.27%.

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.