TD Asset Management Inc Purchases 33,221 Shares of Wheaton Precious Metals Corp. $WPM

TD Asset Management Inc raised its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,285,275 shares of the company’s stock after buying an additional 33,221 shares during the quarter. TD Asset Management Inc’s holdings in Wheaton Precious Metals were worth $857,598,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WPM. Norges Bank bought a new position in Wheaton Precious Metals in the 4th quarter valued at about $864,977,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Wheaton Precious Metals by 36.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock valued at $777,938,000 after buying an additional 1,847,977 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Wheaton Precious Metals by 53.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,197,048 shares of the company’s stock valued at $469,459,000 after buying an additional 1,453,572 shares during the period. Bank of Montreal Can increased its holdings in Wheaton Precious Metals by 26.1% in the 3rd quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock valued at $722,270,000 after buying an additional 1,335,588 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in Wheaton Precious Metals by 1,655.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,245,766 shares of the company’s stock valued at $139,333,000 after buying an additional 1,174,799 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Down 4.0%

WPM opened at $125.09 on Thursday. The company’s 50 day moving average is $134.21 and its 200-day moving average is $131.28. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76. The company has a market cap of $56.80 billion, a P/E ratio of 31.59, a PEG ratio of 2.46 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. During the same period last year, the company posted $0.55 EPS. The firm’s quarterly revenue was up 91.7% compared to the same quarter last year. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 19.70%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, March 27th. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, February 4th. Finally, Scotiabank raised their price target on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.64.

Wheaton Precious Metals Company Profile

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.