Ontario Teachers Pension Plan Board Takes $212,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Ontario Teachers Pension Plan Board bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,476 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also added to or reduced their stakes in the company. Well Done LLC boosted its stake in shares of Wheaton Precious Metals by 173.9% in the 3rd quarter. Well Done LLC now owns 38,108 shares of the company’s stock worth $2,328,000 after buying an additional 24,196 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in Wheaton Precious Metals in the second quarter valued at about $1,016,000. Swiss National Bank boosted its position in Wheaton Precious Metals by 0.8% in the third quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock worth $83,854,000 after purchasing an additional 10,600 shares during the last quarter. Natixis bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at about $529,000. Finally, CIBC Asset Management Inc increased its position in shares of Wheaton Precious Metals by 10.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company’s stock valued at $140,099,000 after purchasing an additional 218,575 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

WPM stock opened at $63.82 on Friday. The company’s fifty day moving average price is $62.99 and its 200-day moving average price is $59.06. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The company has a market capitalization of $28.95 billion, a PE ratio of 47.63, a price-to-earnings-growth ratio of 2.28 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, 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. Shareholders of record on Thursday, November 21st will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 46.27%.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research reports. Raymond James raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Jefferies Financial Group lifted their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Scotiabank upped their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $71.67.

About Wheaton Precious Metals

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.