Bryn Mawr Capital Management LLC Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Bryn Mawr Capital Management LLC bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 30,575 shares of the company’s stock, valued at approximately $1,509,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Wheaton Precious Metals by 6.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 87,860 shares of the company’s stock worth $3,563,000 after purchasing an additional 5,181 shares during the period. Raymond James & Associates boosted its holdings in shares of Wheaton Precious Metals by 3.7% in the 3rd quarter. Raymond James & Associates now owns 496,550 shares of the company’s stock valued at $20,135,000 after buying an additional 17,745 shares during the period. Mechanics Financial Corp boosted its holdings in shares of Wheaton Precious Metals by 200.0% in the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after buying an additional 600 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of Wheaton Precious Metals by 106.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,505 shares of the company’s stock valued at $629,000 after buying an additional 7,992 shares during the last quarter. Finally, Jeppson Wealth Management LLC raised its stake in Wheaton Precious Metals by 1.4% during the third quarter. Jeppson Wealth Management LLC now owns 28,175 shares of the company’s stock worth $1,142,000 after acquiring an additional 389 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Up 0.5 %

WPM stock opened at $53.99 on Friday. The company has a 50-day simple moving average of $46.54 and a 200 day simple moving average of $46.34. The company has a market capitalization of $24.47 billion, a P/E ratio of 45.37, a PEG ratio of 7.28 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $38.37 and a fifty-two week high of $54.45.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $313.47 million during the quarter, compared to analyst estimates of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.25 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were issued a $0.155 dividend. The ex-dividend date was Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 1.15%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 52.10%.

Analysts Set New Price Targets

A number of equities analysts have commented on WPM shares. National Bank Financial downgraded Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Raymond James reduced their price objective on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. Berenberg Bank increased their target price on Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Jefferies Financial Group raised their target price on Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets lowered their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $59.32.

Wheaton Precious Metals Company 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.