Dixon Mitchell Investment Counsel Inc. Has $93.78 Million Stake in Wheaton Precious Metals Corp. $WPM

Dixon Mitchell Investment Counsel Inc. raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 838,870 shares of the company’s stock after acquiring an additional 7,883 shares during the period. Wheaton Precious Metals comprises about 3.3% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 11th largest position. Dixon Mitchell Investment Counsel Inc. owned 0.18% of Wheaton Precious Metals worth $93,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Pacifica Partners Inc. boosted its stake in shares of Wheaton Precious Metals by 27.8% in the 3rd quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock valued at $51,000 after purchasing an additional 100 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in Wheaton Precious Metals by 0.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 12,872 shares of the company’s stock valued at $1,440,000 after purchasing an additional 110 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Wheaton Precious Metals by 2.1% during the 3rd quarter. AE Wealth Management LLC now owns 6,091 shares of the company’s stock valued at $681,000 after purchasing an additional 123 shares during the last quarter. Uncommon Cents Investing LLC boosted its position in Wheaton Precious Metals by 1.5% in the third quarter. Uncommon Cents Investing LLC now owns 8,940 shares of the company’s stock valued at $1,000,000 after buying an additional 135 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its stake in Wheaton Precious Metals by 0.3% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 50,492 shares of the company’s stock worth $5,647,000 after buying an additional 143 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $148.34 on Tuesday. The stock has a market cap of $67.35 billion, a price-to-earnings ratio of 67.43, a P/E/G ratio of 2.21 and a beta of 0.50. The company has a 50 day moving average of $140.64 and a 200-day moving average of $118.24. Wheaton Precious Metals Corp. has a one year low of $68.03 and a one year high of $165.76.

Analyst Ratings Changes

A number of research firms 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. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Finally, UBS Group reissued a “neutral” rating and set a $158.00 price objective on shares of Wheaton Precious Metals in a report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $140.44.

Wheaton Precious Metals 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.