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

Key Points

• Bryn Mawr Trust Advisors acquired 18,795 shares of Wheaton Precious Metals worth approximately $2.11 million, while institutional investors overall own 70.34% of the company.
• Analysts remain broadly bullish: 12 rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $165.55.
• Wheaton reported quarterly EPS of $1.19, ahead of the $1.15 estimate, while revenue rose 84.7% year over year to $878 million. The company also declared a quarterly dividend of $0.195 per share, yielding 0.6% annually.

Bryn Mawr Trust Advisors LLC acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,795 shares of the company's stock, valued at approximately $2,111,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Wheaton Precious Metals by 144.4% in the 4th quarter. Assetmark Inc. now owns 220 shares of the company's stock valued at $26,000 after purchasing an additional 130 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in Wheaton Precious Metals by 245.5% during the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company's stock worth $29,000 after purchasing an additional 162 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Wheaton Precious Metals by 100.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company's stock valued at $27,000 after purchasing an additional 117 shares during the last quarter. Hollencrest Capital Management raised its stake in shares of Wheaton Precious Metals by 73.5% during the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company's stock worth $31,000 after buying an additional 100 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on WPM. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Royal Bank Of Canada cut their target price on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Wheaton Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 16th. Scotiabank lowered their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group dropped their price objective on shares of 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. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.55.

Wheaton Precious Metals Stock Up 1.8%

Shares of NYSE:WPM opened at $134.25 on Friday. The company has a quick ratio of 4.53, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals Corp. has a 52-week low of $90.94 and a 52-week high of $165.76. The stock's fifty day simple moving average is $115.96 and its 200-day simple moving average is $130.57. The company has a market capitalization of $60.97 billion, a P/E ratio of 29.77, a P/E/G ratio of 2.33 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.04. The business had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The business's revenue for the quarter was up 84.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 17.29%.

Wheaton Precious Metals Profile

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.

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