Jamison Private Wealth Management Inc. Has $230,000 Stock Holdings in 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 fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,093 shares of the company’s stock after buying an additional 766 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Wheaton Precious Metals were worth $230,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. Canoe Financial LP acquired a new stake in Wheaton Precious Metals in the 3rd quarter worth about $113,017,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Wheaton Precious Metals by 1,865.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock worth $76,061,000 after purchasing an additional 1,182,156 shares in the last quarter. Clearbridge Investments LLC raised its stake in Wheaton Precious Metals by 90.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,344,131 shares of the company’s stock worth $70,461,000 after purchasing an additional 638,425 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Wheaton Precious Metals by 22.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after purchasing an additional 634,843 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 1.8 %

Shares of Wheaton Precious Metals stock opened at $60.00 on Monday. The firm has a market capitalization of $27.22 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. The firm’s 50 day moving average is $59.46 and its 200 day moving average is $60.60. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $308.25 million for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $0.27 EPS. As a group, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend 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 (DPR) is presently 46.27%.

Analysts Set New Price Targets

Several analysts have weighed in on WPM shares. Raymond James lifted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. 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 report on Friday, October 4th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.