D.A. Davidson & CO. Has $1.84 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

D.A. Davidson & CO. reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,195 shares of the company’s stock after selling 1,567 shares during the period. D.A. Davidson & CO.’s holdings in Wheaton Precious Metals were worth $1,844,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Well Done LLC boosted its holdings in Wheaton Precious Metals by 173.9% during the third 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 during the 2nd quarter worth approximately $1,016,000. Swiss National Bank grew its holdings in Wheaton Precious Metals by 0.8% during the third quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock valued at $83,854,000 after purchasing an additional 10,600 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Wheaton Precious Metals in the third quarter valued at approximately $1,287,000. Finally, CIBC Asset Management Inc raised its holdings in Wheaton Precious Metals by 10.6% in the third quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company’s stock worth $140,099,000 after purchasing an additional 218,575 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WPM has been the subject of a number of recent analyst reports. Raymond James upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Jefferies Financial Group raised their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Scotiabank boosted their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. UBS Group started coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. Finally, TD Securities upped their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $62.33 on Friday. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The stock has a market capitalization of $28.28 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 1.73 and a beta of 0.77. The company’s 50-day moving average price is $62.99 and its two-hundred day moving average price is $59.38.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $324.57 million. During the same period in the previous year, the company earned $0.27 earnings per share. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 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 Friday, December 6th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is 46.27%.

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.