Wheaton Precious Metals Corp. $WPM Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its Wheaton Precious Metals stake by 2.2%, selling 28,375 shares and retaining 1.27 million shares valued at approximately $167.5 million. Institutional investors collectively own 70.34% of the company.
• Wheaton Precious Metals reported quarterly EPS of $1.19, beating estimates by $0.04, while revenue increased 84.7% year over year to $878 million. Analysts project full-year EPS of $4.80.
• The stock recently traded at $134.13, while analysts maintain a “Moderate Buy” consensus with an average price target of $172.11. The company also pays a quarterly dividend of $0.195, equivalent to a 0.6% annual yield.

TD Waterhouse Canada Inc. cut its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,269,982 shares of the company's stock after selling 28,375 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.28% of Wheaton Precious Metals worth $167,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Wheaton Precious Metals by 0.5% during the 2nd quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company's stock valued at $1,619,480,000 after purchasing an additional 78,618 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth approximately $581,250,000. Canada Pension Plan Investment Board acquired a new stake in Wheaton Precious Metals during the second quarter valued at approximately $351,708,000. Bank of America Corp DE acquired a new stake in Wheaton Precious Metals during the second quarter valued at approximately $328,309,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Wheaton Precious Metals by 3.3% during the first quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company's stock valued at $376,387,000 after purchasing an additional 92,435 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Up 0.7%

NYSE WPM traded up $0.97 on Friday, hitting $134.13. 1,323,002 shares of the company were exchanged, compared to its average volume of 1,719,081. The company's 50 day moving average price is $144.51 and its 200-day moving average price is $131.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $60.92 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 2.43 and a beta of 0.54. Wheaton Precious Metals Corp. has a twelve month low of $92.57 and a twelve month high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The company had revenue of $878.00 million during the quarter, compared to analysts' expectations of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business's revenue for the quarter was up 84.7% on a year-over-year basis. During the same period last year, the company posted $0.63 earnings per share. Analysts predict that Wheaton Precious Metals Corp. will post 4.80 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals's dividend payout ratio is 17.29%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WPM shares. Jefferies Financial Group decreased their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a report on Tuesday, July 28th. Bank of America cut their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. UBS Group raised their price objective on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada raised their price objective on Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 16th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $172.11.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton's streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.

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