Schwartz Investment Counsel Inc. Acquires 35,000 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Schwartz Investment Counsel Inc. increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 15.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 268,000 shares of the company's stock after acquiring an additional 35,000 shares during the period. Schwartz Investment Counsel Inc. owned about 0.06% of Wheaton Precious Metals worth $20,805,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Continuum Advisory LLC increased its stake in shares of Wheaton Precious Metals by 9.0% during the 1st quarter. Continuum Advisory LLC now owns 1,823 shares of the company's stock worth $142,000 after purchasing an additional 151 shares during the last quarter. PFG Investments LLC increased its position in Wheaton Precious Metals by 0.8% during the first quarter. PFG Investments LLC now owns 22,515 shares of the company's stock worth $1,748,000 after buying an additional 172 shares during the last quarter. Fielder Capital Group LLC increased its position in Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after buying an additional 176 shares during the last quarter. Signaturefd LLC lifted its position in shares of Wheaton Precious Metals by 1.5% in the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after buying an additional 178 shares during the last quarter. Finally, PDS Planning Inc boosted its stake in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. PDS Planning Inc now owns 4,497 shares of the company's stock worth $349,000 after acquiring an additional 213 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target for the company. Raymond James Financial upped their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Finally, Scotiabank upped their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $92.75.

Wheaton Precious Metals Price Performance

WPM stock traded down $0.39 during midday trading on Tuesday, reaching $89.41. The company had a trading volume of 1,473,749 shares, compared to its average volume of 1,708,516. Wheaton Precious Metals Corp. has a 1-year low of $51.96 and a 1-year high of $95.23. The stock has a 50 day moving average price of $85.96 and a 200-day moving average price of $73.85. The company has a market capitalization of $40.59 billion, a price-to-earnings ratio of 65.74, a price-to-earnings-growth ratio of 2.66 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The company had revenue of $470.41 million during the quarter, compared to analysts' expectations of $446.33 million. During the same period in the previous year, the company earned $0.36 EPS. The business's revenue for the quarter was up 58.4% compared to the same quarter last year. As a group, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.74%. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

About Wheaton Precious Metals

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.