Jamison Private Wealth Management Inc. Buys 766 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Jamison Private Wealth Management Inc. lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,093 shares of the company’s stock after acquiring an additional 766 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Wheaton Precious Metals were worth $230,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $39,000. GAMMA Investing LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $41,000. Sunbelt Securities Inc. bought a new stake in shares of Wheaton Precious Metals during the second quarter worth $47,000. Finally, St. Johns Investment Management Company LLC bought a new stake in shares of Wheaton Precious Metals during the third quarter worth $48,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $60.00 on Monday. The stock has a market cap of $27.22 billion, a P/E ratio of 44.77, a P/E/G ratio of 1.29 and a beta of 0.76. The company has a fifty day moving average price of $59.46 and a two-hundred day moving average price of $60.60. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter last year, the company posted $0.27 earnings per share. As a group, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. Finally, TD Securities raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average price target of $71.67.

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.