Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Boosted by Dudley & Shanley Inc.

Dudley & Shanley Inc. lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,456,465 shares of the company’s stock after buying an additional 22,000 shares during the quarter. Wheaton Precious Metals comprises approximately 11.6% of Dudley & Shanley Inc.’s portfolio, making the stock its largest holding. Dudley & Shanley Inc.’s holdings in Wheaton Precious Metals were worth $68,643,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WPM. CVA Family Office LLC acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in Wheaton Precious Metals during the 4th quarter worth $31,000. Principal Securities Inc. acquired a new position in Wheaton Precious Metals during the 4th quarter worth $39,000. Fifth Third Bancorp grew its holdings in Wheaton Precious Metals by 230.7% during the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock worth $43,000 after acquiring an additional 602 shares in the last quarter. Finally, St. Johns Investment Management Company LLC acquired a new position in Wheaton Precious Metals during the 1st quarter worth $52,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their price target for the stock from $51.00 to $53.00 in a research report on Monday, March 18th. CIBC raised their price target on shares of Wheaton Precious Metals from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. BMO Capital Markets raised their price target on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, Scotiabank raised their price target on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Wheaton Precious Metals Trading Up 3.6 %

NYSE:WPM traded up $1.91 during mid-day trading on Wednesday, hitting $54.52. The stock had a trading volume of 723,560 shares, compared to its average volume of 1,911,541. The stock has a market capitalization of $24.73 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 1.83 and a beta of 0.76. The company has a 50 day simple moving average of $54.24 and a 200-day simple moving average of $49.46. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $57.87.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The company had revenue of $296.80 million for the quarter, compared to the consensus estimate of $278.95 million. During the same period in the previous year, the firm earned $0.23 EPS. Wheaton Precious Metals’s revenue was up 38.7% on a year-over-year basis. As a group, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.29 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were paid a $0.155 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.62 annualized dividend and a dividend yield of 1.14%. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.

Wheaton Precious Metals Profile

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.