Caisse DE Depot ET Placement DU Quebec Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Caisse DE Depot ET Placement DU Quebec acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 85,919 shares of the company’s stock, valued at approximately $5,253,000.

Other large investors have also made changes to their positions in the company. Flow Traders U.S. LLC bought a new position in Wheaton Precious Metals in the 3rd quarter worth approximately $523,000. Captrust Financial Advisors grew its stake in shares of Wheaton Precious Metals by 3.2% in the third quarter. Captrust Financial Advisors now owns 43,718 shares of the company’s stock worth $2,670,000 after acquiring an additional 1,362 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in Wheaton Precious Metals during the third quarter worth $185,000. Blueshift Asset Management LLC acquired a new position in Wheaton Precious Metals during the 3rd quarter valued at $321,000. Finally, FMR LLC boosted its holdings in Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WPM. Jefferies Financial Group boosted their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group started coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price target on the stock. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Scotiabank lifted their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $61.48 on Tuesday. The stock’s fifty day simple moving average is $62.99 and its 200 day simple moving average is $59.43. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The firm has a market cap of $27.89 billion, a price-to-earnings ratio of 45.88, a P/E/G ratio of 1.75 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s payout ratio is currently 46.27%.

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.