4,640 Shares in Wheaton Precious Metals Corp. $WPM Bought by Birmingham Capital Management Co. Inc. AL

Key Points

• Birmingham Capital Management Co. Inc. purchased 4,640 shares of Wheaton Precious Metals, valued at approximately $360,000, during the first quarter of the year.
• Wheaton Precious Metals reported earnings of $0.63 per share for the last quarter, exceeding analysts' expectations and demonstrating a 68.2% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.165 per share, representing a 0.6% dividend yield and a payout ratio of 38.15%.

Birmingham Capital Management Co. Inc. AL bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,640 shares of the company's stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WPM. NBT Bank N A NY lifted its holdings in shares of Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after acquiring an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals during the 1st quarter valued at $38,000. Banque Cantonale Vaudoise purchased a new stake in shares of Wheaton Precious Metals during the first quarter worth about $49,000. Princeton Global Asset Management LLC purchased a new stake in shares of Wheaton Precious Metals during the first quarter worth about $52,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock worth $57,000 after purchasing an additional 707 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $105.48 on Thursday. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $106.84. The company has a 50 day simple moving average of $95.25 and a two-hundred day simple moving average of $85.91. The company has a market capitalization of $47.88 billion, a price-to-earnings ratio of 60.97, a P/E/G ratio of 2.88 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same quarter last year, the firm earned $0.33 earnings per share. The business's revenue for the quarter was up 68.2% on a year-over-year basis. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 38.15%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank Of Canada upped their price objective 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. Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. BMO Capital Markets restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. UBS Group set a $106.00 price objective on shares of Wheaton Precious Metals and gave the stock a "neutral" rating in a report on Monday, August 11th. Finally, CIBC restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $97.33.

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.

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