Wheaton Precious Metals Corp. $WPM Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. trimmed its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,000 shares of the company’s stock after selling 30,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Wheaton Precious Metals were worth $23,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc grew its stake in Wheaton Precious Metals by 2.0% during the third quarter. AdvisorNet Financial Inc now owns 3,865 shares of the company’s stock worth $501,000 after purchasing an additional 77 shares during the period. Cornerstone Financial Management LLC lifted its stake in Wheaton Precious Metals by 16.5% in the second quarter. Cornerstone Financial Management LLC now owns 565 shares of the company’s stock valued at $63,000 after buying an additional 80 shares during the period. Mather Group LLC. boosted its holdings in shares of Wheaton Precious Metals by 36.4% during the 3rd quarter. Mather Group LLC. now owns 352 shares of the company’s stock worth $47,000 after buying an additional 94 shares in the last quarter. Hollencrest Capital Management boosted its holdings 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 in the last quarter. Finally, O Domhnaill Enterprises Inc. boosted its holdings in shares of Wheaton Precious Metals by 0.3% during the 1st quarter. O Domhnaill Enterprises Inc. now owns 31,690 shares of the company’s stock worth $4,152,000 after buying an additional 101 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 3.0%

Shares of Wheaton Precious Metals stock opened at $125.99 on Wednesday. Wheaton Precious Metals Corp. has a one year low of $92.57 and a one year high of $165.76. The business has a 50-day simple moving average of $143.05 and a 200 day simple moving average of $133.98.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. During the same quarter in the previous year, the company posted $0.63 EPS. The firm’s revenue was up 84.7% on a year-over-year basis. Research analysts anticipate that Wheaton Precious Metals Corp. will post 4.61 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th.

Analyst Ratings Changes

WPM has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Jefferies Financial Group dropped their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. UBS Group boosted their target price on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. Bank of America cut their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Berenberg Bank set a $157.00 price target on shares of Wheaton Precious Metals in a report on Tuesday, July 28th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $172.11.

About Wheaton Precious Metals

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

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.