TD Waterhouse Canada Inc. Acquires 69,496 Shares of Wheaton Precious Metals Corp. $WPM

TD Waterhouse Canada Inc. lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 809,093 shares of the company’s stock after buying an additional 69,496 shares during the period. TD Waterhouse Canada Inc.’s holdings in Wheaton Precious Metals were worth $89,886,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WPM. Norges Bank purchased a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $656,463,000. Invesco Ltd. lifted its stake in shares of Wheaton Precious Metals by 139.8% in the 2nd quarter. Invesco Ltd. now owns 2,085,042 shares of the company’s stock valued at $187,237,000 after purchasing an additional 1,215,660 shares during the period. CIBC Asset Management Inc boosted its position in shares of Wheaton Precious Metals by 24.8% during the second quarter. CIBC Asset Management Inc now owns 3,185,420 shares of the company’s stock valued at $288,255,000 after purchasing an additional 632,464 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Wheaton Precious Metals by 30.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,743,476 shares of the company’s stock valued at $246,572,000 after buying an additional 632,429 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Wheaton Precious Metals by 20.5% in the second quarter. Geode Capital Management LLC now owns 3,653,717 shares of the company’s stock worth $332,793,000 after purchasing an additional 622,003 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WPM shares. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday, December 29th. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Raymond James Financial lifted their target price on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, CIBC increased their price objective on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.00.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $156.29 on Thursday. The firm has a market capitalization of $70.96 billion, a price-to-earnings ratio of 71.04, a PEG ratio of 1.37 and a beta of 0.52. Wheaton Precious Metals Corp. has a 1-year low of $60.15 and a 1-year high of $156.36. The company has a 50-day moving average of $121.06 and a 200 day moving average of $107.63.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The business had revenue of $476.26 million for the quarter, compared to the consensus estimate of $495.53 million. During the same period in the prior year, the firm earned $0.34 EPS. The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 30.00%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.