Toronto Dominion Bank Acquires 927 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Toronto Dominion Bank grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 877,269 shares of the company’s stock after acquiring an additional 927 shares during the period. Toronto Dominion Bank owned 0.19% of Wheaton Precious Metals worth $49,316,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $38,000. Quintet Private Bank Europe S.A. bought a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. Headlands Technologies LLC lifted its holdings in Wheaton Precious Metals by 494.9% in the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company’s stock worth $39,000 after purchasing an additional 579 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $41,000. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Down 0.5%

WPM opened at $78.35 on Friday. The stock’s 50 day simple moving average is $78.69 and its 200-day simple moving average is $68.12. The stock has a market cap of $35.56 billion, a PE ratio of 58.47, a P/E/G ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $87.42.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $470.41 million during the quarter, compared to analysts’ expectations of $446.33 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business’s revenue was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.84%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of 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. CIBC upped their price target on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an “outperformer” rating in a report on Friday, May 9th. Scotiabank lifted their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 14th. National Bankshares reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Finally, StockNews.com upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $85.90.

Wheaton Precious Metals 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.