Bryn Mawr Capital Management LLC Buys New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Bryn Mawr Capital Management LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 30,575 shares of the company’s stock, valued at approximately $1,509,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Eagle Investment Management LLC increased its stake in Wheaton Precious Metals by 3.2% in the third quarter. First Eagle Investment Management LLC now owns 20,998,263 shares of the company’s stock valued at $851,480,000 after acquiring an additional 644,746 shares during the period. Vanguard Group Inc. boosted its position in Wheaton Precious Metals by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,203,069 shares of the company’s stock valued at $657,034,000 after buying an additional 248,541 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Wheaton Precious Metals by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,585,266 shares of the company’s stock valued at $307,583,000 after buying an additional 713,381 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Wheaton Precious Metals by 2.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,862,846 shares of the company’s stock valued at $197,188,000 after buying an additional 110,802 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Wheaton Precious Metals by 4.4% in the third quarter. Deutsche Bank AG now owns 3,623,133 shares of the company’s stock valued at $146,918,000 after buying an additional 152,826 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM opened at $53.99 on Friday. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 7.28 and a beta of 0.77. The firm has a 50 day simple moving average of $46.54 and a 200 day simple moving average of $46.34. 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 posted 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 business had revenue of $313.47 million during the quarter, compared to the consensus estimate of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. As a group, analysts expect that Wheaton Precious Metals Corp. will post 1.25 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is 52.10%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets reduced their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. CIBC boosted their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Berenberg Bank boosted their price target on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their target price for the stock from $51.00 to $53.00 in a research report on Monday, March 18th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.