Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 732,174 shares of the company's stock after acquiring an additional 4,026 shares during the quarter. TD Waterhouse Canada Inc. owned 0.16% of Wheaton Precious Metals worth $40,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WPM. Tower Research Capital LLC TRC grew its stake in shares of Wheaton Precious Metals by 355.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,121 shares of the company's stock valued at $682,000 after buying an additional 9,460 shares during the last quarter. Natixis increased its stake in Wheaton Precious Metals by 36.1% in the 4th quarter. Natixis now owns 42,005 shares of the company's stock worth $2,362,000 after buying an additional 11,146 shares during the period. Ossiam boosted its position in Wheaton Precious Metals by 84.5% in the 4th quarter. Ossiam now owns 118,593 shares of the company's stock valued at $6,672,000 after buying an additional 54,314 shares during the period. Capital International Inc. CA grew its stake in Wheaton Precious Metals by 28.8% in the 4th quarter. Capital International Inc. CA now owns 98,535 shares of the company's stock worth $5,542,000 after acquiring an additional 22,005 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Wheaton Precious Metals by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 621,196 shares of the company's stock worth $34,936,000 after acquiring an additional 50,014 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WPM shares. UBS Group raised their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. Royal Bank of Canada raised their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. Finally, Raymond James increased their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and a consensus target price of $83.40.

Wheaton Precious Metals Trading Down 0.7 %

WPM traded down $0.55 during trading on Friday, hitting $81.62. The company's stock had a trading volume of 1,463,968 shares, compared to its average volume of 1,651,251. The firm has a market capitalization of $37.03 billion, a price-to-earnings ratio of 60.91, a P/E/G ratio of 1.91 and a beta of 0.74. The business's fifty day simple moving average is $74.82 and its 200 day simple moving average is $66.20. Wheaton Precious Metals Corp. has a twelve month low of $51.42 and a twelve month high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The business had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. As a group, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, April 1st. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. Wheaton Precious Metals's payout ratio is 56.90%.

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.