Bryn Mawr Trust Advisors LLC Invests $2.11 Million in Wheaton Precious Metals Corp. $WPM

Bryn Mawr Trust Advisors LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,795 shares of the company’s stock, valued at approximately $2,111,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WPM. LBP AM SA raised its stake in shares of Wheaton Precious Metals by 632.2% in the 4th quarter. LBP AM SA now owns 119,855 shares of the company’s stock valued at $14,085,000 after acquiring an additional 103,485 shares during the period. Euro Pacific Asset Management LLC boosted its position in Wheaton Precious Metals by 3.0% during the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company’s stock worth $37,895,000 after purchasing an additional 8,455 shares during the period. Abacus Wealth Partners LLC boosted its position in Wheaton Precious Metals by 1,402.0% during the 4th quarter. Abacus Wealth Partners LLC now owns 32,023 shares of the company’s stock worth $3,763,000 after purchasing an additional 29,891 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Wheaton Precious Metals by 489.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,300 shares of the company’s stock valued at $8,631,000 after purchasing an additional 61,700 shares in the last quarter. Finally, Intact Investment Management Inc. increased its holdings in Wheaton Precious Metals by 627.2% in the 4th quarter. Intact Investment Management Inc. now owns 127,980 shares of the company’s stock valued at $15,045,000 after purchasing an additional 110,380 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $134.25 on Friday. The stock has a market capitalization of $60.97 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.33 and a beta of 0.55. Wheaton Precious Metals Corp. has a one year low of $90.94 and a one year high of $165.76. The company’s 50-day simple moving average is $115.96 and its 200-day simple moving average is $130.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.53 and a current ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The firm had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $879.29 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 84.7% compared to the same quarter last year. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.195 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a research note on Tuesday, July 28th. Jefferies Financial Group lowered their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Royal Bank Of Canada reduced their price target on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, UBS Group reduced their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.55.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.