Fiera Capital Corp Purchases 15,477 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Fiera Capital Corp grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 4.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 401,132 shares of the company's stock after acquiring an additional 15,477 shares during the quarter. Fiera Capital Corp owned about 0.09% of Wheaton Precious Metals worth $24,531,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WPM. Ridgewood Investments LLC bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $31,000. St. Johns Investment Management Company LLC bought a new stake in shares of Wheaton Precious Metals during the 3rd quarter worth $48,000. Sunbelt Securities Inc. bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $47,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Wheaton Precious Metals by 25.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company's stock worth $65,000 after buying an additional 253 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock traded up $0.41 on Friday, hitting $64.82. 2,440,415 shares of the company's stock traded hands, compared to its average volume of 1,775,140. The company has a fifty day moving average of $62.79 and a two-hundred day moving average of $58.57. The company has a market capitalization of $29.40 billion, a price-to-earnings ratio of 48.37, a price-to-earnings-growth ratio of 2.29 and a beta of 0.77. 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 announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $299.06 million for the quarter, compared to analyst estimates of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The company's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is presently 46.27%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WPM shares. Jefferies Financial Group upped their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Scotiabank increased their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Raymond James increased their price target on 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, TD Securities increased their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Friday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals currently has an average rating of "Moderate Buy" and an average 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.