Bryn Mawr Capital Management LLC Acquires Shares of 30,575 Wheaton Precious Metals Corp. (NYSE:WPM)

Bryn Mawr Capital Management LLC acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,575 shares of the company's stock, valued at approximately $1,509,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Parsons Capital Management Inc. RI boosted its stake in Wheaton Precious Metals by 0.4% during the third quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company's stock worth $2,326,000 after buying an additional 250 shares in the last quarter. Transatlantique Private Wealth LLC boosted its stake in Wheaton Precious Metals by 3.6% during the third quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company's stock worth $317,000 after buying an additional 270 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its stake in Wheaton Precious Metals by 2.1% during the third quarter. Pekin Hardy Strauss Inc. now owns 14,691 shares of the company's stock worth $596,000 after buying an additional 302 shares in the last quarter. Syon Capital LLC boosted its stake in Wheaton Precious Metals by 4.9% during the fourth quarter. Syon Capital LLC now owns 6,575 shares of the company's stock worth $324,000 after buying an additional 308 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Wheaton Precious Metals by 3.2% during the third quarter. Signaturefd LLC now owns 11,562 shares of the company's stock worth $469,000 after buying an additional 363 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WPM shares. Jefferies Financial Group lifted their price objective on Wheaton Precious Metals from $52.00 to $61.00 and gave the company a "buy" rating in a report on Monday, April 22nd. BMO Capital Markets cut their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an "outperform" rating for the company in a report on Wednesday, February 21st. CIBC lifted their price objective on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. Berenberg Bank lifted their price objective on Wheaton Precious Metals from $52.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, March 27th. Finally, Scotiabank cut their price objective on Wheaton Precious Metals from $60.00 to $59.00 and set a "sector outperform" rating for the company in a report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and an average target price of $59.32.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded up $0.27 on Friday, hitting $54.00. 1,500,584 shares of the stock were exchanged, compared to its average volume of 2,433,420. The stock has a market capitalization of $24.48 billion, a price-to-earnings ratio of 45.38, a P/E/G ratio of 7.28 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $54.45. The company's 50-day moving average price is $46.73 and its 200 day moving average price is $46.43.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $313.47 million during the quarter, compared to analysts' expectations of $284.29 million. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.25 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

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

About Wheaton Precious Metals

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.