Bryn Mawr Trust Advisors LLC Lowers Holdings in Wheaton Precious Metals Corp. $WPM

Bryn Mawr Trust Advisors LLC reduced its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 31.9% during the 1st quarter, HoldingsChannel reports. The firm owned 22,787 shares of the company’s stock after selling 10,688 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Wheaton Precious Metals were worth $2,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WPM. Assetmark Inc. increased its stake in shares of Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after buying an additional 130 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in Wheaton Precious Metals by 100.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after acquiring an additional 117 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth about $28,000. Navalign LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth about $30,000. Finally, Eagle Bay Advisors LLC purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $32,000. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Up 0.7%

Shares of WPM stock opened at $108.62 on Wednesday. Wheaton Precious Metals Corp. has a 12-month low of $87.96 and a 12-month high of $165.76. The business’s fifty day simple moving average is $122.30 and its 200-day simple moving average is $132.37. The company has a market cap of $49.33 billion, a PE ratio of 27.43, a PEG ratio of 1.92 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 91.7% on a year-over-year basis. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.8 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Analyst Upgrades and Downgrades

WPM has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday, June 29th. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price objective on the stock. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group lowered their target price on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Jefferies Financial Group dropped their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.09.

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.