Jamison Private Wealth Management Inc. Buys 732 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Jamison Private Wealth Management Inc. increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 17.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,825 shares of the company’s stock after acquiring an additional 732 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Wheaton Precious Metals were worth $375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WPM. Raymond James Financial Inc. acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $20,790,000. Sei Investments Co. increased its position in Wheaton Precious Metals by 25.7% in the 4th quarter. Sei Investments Co. now owns 40,769 shares of the company’s stock valued at $2,293,000 after buying an additional 8,331 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Wheaton Precious Metals by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company’s stock worth $22,442,000 after buying an additional 33,256 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Wheaton Precious Metals during the 1st quarter worth approximately $531,000. Finally, Gotham Asset Management LLC boosted its holdings in Wheaton Precious Metals by 83.8% in the fourth quarter. Gotham Asset Management LLC now owns 6,324 shares of the company’s stock worth $356,000 after acquiring an additional 2,884 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on WPM shares. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an “outperform” rating and a $129.00 price objective for the company. UBS Group boosted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Royal Bank Of Canada upped their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a research note on Monday, April 14th. Finally, CIBC lifted their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an “outperformer” rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $86.90.

Wheaton Precious Metals Price Performance

WPM opened at $89.29 on Friday. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $95.23. The firm has a market capitalization of $40.52 billion, a P/E ratio of 65.66, a PEG ratio of 2.78 and a beta of 0.46. The company’s 50-day moving average is $85.33 and its 200 day moving average is $72.63.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $470.41 million for the quarter, compared to analysts’ expectations of $446.33 million. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The company’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. On average, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.74%. Wheaton Precious Metals’s dividend payout ratio is currently 48.53%.

Wheaton Precious Metals Company Profile

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.