4,656 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,656 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of Wheaton Precious Metals in the second quarter valued at $31,000. Abich Financial Wealth Management LLC acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at $31,000. St. Johns Investment Management Company LLC bought a new position in shares of Wheaton Precious Metals during the 3rd quarter worth about $48,000. Sunbelt Securities Inc. acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $47,000. Finally, Dunhill Financial LLC increased its stake in Wheaton Precious Metals by 200.9% in the third quarter. Dunhill Financial LLC now owns 1,050 shares of the company’s stock valued at $64,000 after acquiring an additional 701 shares during the period. Institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Raymond James increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 target price for the company. 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 Trading Down 0.4 %

Shares of NYSE WPM opened at $59.76 on Wednesday. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64. The company has a 50-day moving average of $63.00 and a two-hundred day moving average of $59.84. The company has a market cap of $27.11 billion, a PE ratio of 44.60, a P/E/G ratio of 1.67 and a beta of 0.75.

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

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is 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.