Zurcher Kantonalbank Zurich Cantonalbank Sells 2,967 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,119 shares of the company’s stock after selling 2,967 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wheaton Precious Metals were worth $13,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its position in shares of Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after buying an additional 3,692,594 shares in the last quarter. Canoe Financial LP bought a new position in shares of Wheaton Precious Metals during the 3rd quarter valued at approximately $113,017,000. AMF Tjanstepension AB grew its holdings in shares of Wheaton Precious Metals by 593.5% in the second quarter. AMF Tjanstepension AB now owns 1,608,134 shares of the company’s stock valued at $84,388,000 after purchasing an additional 1,376,231 shares in the last quarter. Barings LLC bought a new stake in Wheaton Precious Metals in the second quarter worth $65,405,000. Finally, TD Asset Management Inc raised its stake in Wheaton Precious Metals by 22.5% during the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock valued at $311,920,000 after purchasing an additional 1,092,480 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 1.0 %

NYSE:WPM opened at $62.33 on Friday. The stock has a fifty day simple moving average of $62.99 and a 200-day simple moving average of $59.38. The company has a market cap of $28.28 billion, a price-to-earnings ratio of 46.51, a price-to-earnings-growth ratio of 1.73 and a beta of 0.77. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the previous year, the company earned $0.27 EPS. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be paid a $0.155 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 0.99%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 46.27%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WPM. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group increased their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.67.

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.