Bank of Nova Scotia Raises Holdings in Wheaton Precious Metals Corp. $WPM

Bank of Nova Scotia lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,423,448 shares of the company’s stock after buying an additional 98,741 shares during the quarter. Bank of Nova Scotia owned 0.31% of Wheaton Precious Metals worth $159,259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boothbay Fund Management LLC purchased a new position in Wheaton Precious Metals in the third quarter worth $1,368,000. Aquatic Capital Management LLC boosted its position in shares of Wheaton Precious Metals by 1,257.8% during the 3rd quarter. Aquatic Capital Management LLC now owns 70,929 shares of the company’s stock worth $7,933,000 after purchasing an additional 65,705 shares in the last quarter. Arrow Capital Pty Ltd acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth $6,151,000. Alliancebernstein L.P. grew its stake in shares of Wheaton Precious Metals by 19.7% during the 3rd quarter. Alliancebernstein L.P. now owns 50,490 shares of the company’s stock worth $5,647,000 after purchasing an additional 8,310 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Wheaton Precious Metals by 12.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 464,045 shares of the company’s stock valued at $52,512,000 after purchasing an additional 53,104 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 4.1%

Wheaton Precious Metals stock opened at $139.72 on Friday. The firm has a market capitalization of $63.44 billion, a PE ratio of 43.12, a P/E/G ratio of 2.09 and a beta of 0.50. Wheaton Precious Metals Corp. has a 52 week low of $68.03 and a 52 week high of $165.76. The firm’s 50-day simple moving average is $142.92 and its 200 day simple moving average is $119.49.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, March 12th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.31. The firm had revenue of $864.71 million during the quarter, compared to the consensus estimate of $719.59 million. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.69%. The firm’s revenue for the quarter was up 127.3% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. On average, research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.195 per share. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is 20.37%.

Key Wheaton Precious Metals News

Here are the key news stories impacting Wheaton Precious Metals this week:

• Positive Sentiment: Company reported record 2025 revenue, earnings and operating cash flow; management said core assets (Salobo, Antamina, Peñasquito) and ramping mines (Blackwater, Goose) drove outperformance. PR Newswire: Record Annual Revenue
• Positive Sentiment: Q4 beat consensus: EPS $1.22 vs. estimates (~$0.91), revenue ~$865M (surged ~127% y/y) driven by higher metal prices and ~35% more GEOs sold—signals stronger cash generation. Yahoo Finance: Q4 Earnings Beat
• Positive Sentiment: Board raised the quarterly dividend 18% to US$0.195/share (first 2026 dividend), continuing a progressive payout policy and returning more capital after record 2025 dividends. Ex-dividend date and payment timing noted in filings. PR Newswire: Dividend Declaration
• Positive Sentiment: Management forecasted stronger 2026 output growth, reinforcing the revenue/production drivers behind the dividend increase and valuation support for a streaming model. Seeking Alpha: Dividend Hike & 2026 Output Forecast
• Positive Sentiment: Analyst activity supportive: Scotiabank nudged up FY estimates and maintains Outperform with a $175 target; RBC remains Buy — adds third-party validation to upside case. MarketBeat: Analyst Notes
• Neutral Sentiment: Company awarded $1M to Cetos Water for wastewater-reuse tech — a sustainability move that supports long-term operating resilience but has limited near-term financial impact. InsiderMonkey: Sustainable Mining Investment
• Neutral Sentiment: Shares showed a modest after-hours uptick following the results and dividend announcement, reflecting immediate positive reception; intraday weakness suggests mixed intraday flows. Yahoo Finance: After-Hours Move
• Negative Sentiment: Despite strong results, the stock is down in regular trading — likely short-term profit-taking and valuation scrutiny (WPM trades at elevated multiples vs. history), which can weigh on the share price until buyers absorb supply.

Analyst Ratings Changes

Several analysts recently commented on WPM shares. Zacks Research cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. UBS Group reaffirmed a “neutral” rating and issued a $158.00 target price on shares of Wheaton Precious Metals in a report on Friday, January 30th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Jefferies Financial Group reissued a “buy” rating and set a $145.00 price target on shares of Wheaton Precious Metals in a research note on Sunday, December 7th. Finally, Scotiabank restated an “outperform” rating and issued a $175.00 price target on shares of Wheaton Precious Metals in a report on Monday, January 26th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $140.44.

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.