Jamison Private Wealth Management Inc. Acquires 1,488 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Jamison Private Wealth Management Inc. boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 80.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,327 shares of the company’s stock after acquiring an additional 1,488 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Wheaton Precious Metals were worth $203,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Wheaton Precious Metals by 6.7% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,685 shares of the company’s stock worth $775,000 after acquiring an additional 797 shares during the last quarter. Creative Planning boosted its holdings in shares of Wheaton Precious Metals by 5.6% in the third quarter. Creative Planning now owns 44,000 shares of the company’s stock valued at $2,688,000 after purchasing an additional 2,318 shares during the period. Douglas Lane & Associates LLC grew its position in shares of Wheaton Precious Metals by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 502,217 shares of the company’s stock worth $30,675,000 after buying an additional 3,650 shares in the last quarter. Carnegie Investment Counsel grew its holdings in Wheaton Precious Metals by 6.1% during the 3rd quarter. Carnegie Investment Counsel now owns 8,642 shares of the company’s stock worth $528,000 after acquiring an additional 500 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of Wheaton Precious Metals during the third quarter valued at approximately $225,000. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WPM. Scotiabank boosted their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. TD Securities decreased their price target on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Bank of America lifted their price objective on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Berenberg Bank lifted their price target on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $69.88.

Wheaton Precious Metals Trading Up 1.6 %

Shares of NYSE:WPM opened at $62.74 on Thursday. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $64.82. The company’s 50 day moving average is $60.69 and its 200 day moving average is $56.85. The company has a market cap of $28.45 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.43 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.99%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 47.69%.

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.