Wheaton Precious Metals Corp. $WPM is Dudley & Shanley Inc.’s Largest Position

Dudley & Shanley Inc. cut its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 668,605 shares of the company’s stock after selling 27,060 shares during the quarter. Wheaton Precious Metals makes up about 12.6% of Dudley & Shanley Inc.’s investment portfolio, making the stock its largest position. Dudley & Shanley Inc. owned 0.15% of Wheaton Precious Metals worth $78,574,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pacifica Partners Inc. lifted its position in Wheaton Precious Metals by 125.0% in the 4th quarter. Pacifica Partners Inc. now owns 1,035 shares of the company’s stock worth $120,000 after buying an additional 575 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Wheaton Precious Metals by 2.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 59,595 shares of the company’s stock valued at $7,480,000 after acquiring an additional 1,571 shares during the last quarter. Value Partners Investments Inc. raised its stake in shares of Wheaton Precious Metals by 3.8% during the fourth quarter. Value Partners Investments Inc. now owns 17,596 shares of the company’s stock worth $2,072,000 after acquiring an additional 639 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Wheaton Precious Metals by 33.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,529 shares of the company’s stock worth $180,000 after acquiring an additional 379 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Wheaton Precious Metals by 7.3% in the 4th quarter. CWA Asset Management Group LLC now owns 27,306 shares of the company’s stock worth $3,209,000 after acquiring an additional 1,865 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $119.56 on Tuesday. Wheaton Precious Metals Corp. has a fifty-two week low of $68.03 and a fifty-two week high of $165.76. The firm has a market cap of $54.29 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 1.66 and a beta of 0.50. The business has a 50 day moving average price of $143.18 and a 200-day moving average price of $120.74.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, March 12th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.91 by $0.31. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.17%. The company had revenue of $864.71 million for the quarter, compared to the consensus estimate of $719.59 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 127.3% on a year-over-year basis. Research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be given a $0.195 dividend. The ex-dividend date is Tuesday, March 31st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is presently 20.37%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WPM. Zacks Research cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday, December 29th. TD Cowen boosted their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, Scotiabank raised their price objective on Wheaton Precious Metals from $175.00 to $178.00 and gave the company a “sector outperform” rating in a research note on Monday, March 16th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average target price of $145.18.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.