Dudley & Shanley Inc. Decreases Holdings in Wheaton Precious Metals Corp. $WPM

Dudley & Shanley Inc. reduced its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 421,408 shares of the company’s stock after selling 33,232 shares during the period. Wheaton Precious Metals accounts for approximately 9.0% of Dudley & Shanley Inc.’s investment portfolio, making the stock its largest holding. Dudley & Shanley Inc. owned approximately 0.09% of Wheaton Precious Metals worth $56,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in Wheaton Precious Metals by 20.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,301 shares of the company’s stock valued at $308,000 after purchasing an additional 385 shares during the period. Hickory Point Bank & Trust bought a new stake in shares of Wheaton Precious Metals during the third quarter worth approximately $40,000. Confluence Investment Management LLC lifted its holdings in Wheaton Precious Metals by 38.6% in the third quarter. Confluence Investment Management LLC now owns 15,488 shares of the company’s stock valued at $2,071,000 after buying an additional 4,313 shares during the period. QRG Capital Management Inc. lifted its holdings in Wheaton Precious Metals by 28.0% in the second quarter. QRG Capital Management Inc. now owns 3,114 shares of the company’s stock valued at $350,000 after buying an additional 682 shares during the period. Finally, Andra AP fonden boosted its stake in Wheaton Precious Metals by 2.3% in the second quarter. Andra AP fonden now owns 72,514 shares of the company’s stock valued at $8,145,000 after acquiring an additional 1,600 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on WPM shares. Royal Bank Of Canada lifted 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. Jefferies Financial Group reduced their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Weiss Ratings upgraded Wheaton Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Scotiabank lowered their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Bank of America lowered their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.00.

Wheaton Precious Metals Stock Up 1.1%

Shares of WPM traded up $1.45 on Tuesday, hitting $137.72. The company’s stock had a trading volume of 690,118 shares, compared to its average volume of 2,231,151. The firm’s fifty day moving average price is $141.23 and its 200-day moving average price is $130.82. Wheaton Precious Metals Corp. has a fifty-two week low of $92.57 and a fifty-two week high of $165.76. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. The firm has a market capitalization 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.

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

Wheaton Precious Metals Announces Dividend

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

About Wheaton Precious Metals

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.