Dudley & Shanley Inc. Cuts Position in Wheaton Precious Metals Corp. $WPM

Dudley & Shanley Inc. lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 7.3% in the third quarter, HoldingsChannel reports. The fund owned 421,408 shares of the company’s stock after selling 33,232 shares during the period. Wheaton Precious Metals makes up 9.0% of Dudley & Shanley Inc.’s portfolio, making the stock its largest position. Dudley & Shanley Inc.’s holdings in Wheaton Precious Metals were worth $56,351,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WPM. Cornerstone Planning Group LLC grew its position in Wheaton Precious Metals by 245.5% in the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after purchasing an additional 162 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in Wheaton Precious Metals by 100.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after buying an additional 117 shares in the last quarter. Hollencrest Capital Management boosted its stake in shares of Wheaton Precious Metals by 73.5% during the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Hickory Point Bank & Trust acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth about $40,000. Finally, Wellington Altus USA Inc. grew its holdings in shares of Wheaton Precious Metals by 446.7% in the 2nd quarter. Wellington Altus USA Inc. now owns 328 shares of the company’s stock valued at $37,000 after acquiring an additional 268 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America dropped their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a research note on Tuesday, July 28th. Weiss Ratings raised Wheaton Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Royal Bank Of Canada upped their price objective on Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Finally, Scotiabank cut their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.00.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded up $1.45 during midday trading on Tuesday, reaching $137.72. 690,118 shares of the company’s stock were exchanged, compared to its average volume of 2,231,151. Wheaton Precious Metals Corp. has a 52 week low of $92.57 and a 52 week high of $165.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $62.55 billion, a price-to-earnings ratio of 30.52, a P/E/G ratio of 2.41 and a beta of 0.54. The stock’s 50-day simple moving average is $141.23 and its 200 day simple moving average is $130.82.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. On average, analysts expect that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio is 17.29%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.