Wheaton Precious Metals Corp. $WPM Stock: Park Avenue Securities LLC Increases Stake

Park Avenue Securities LLC boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 376.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,464 shares of the company’s stock after acquiring an additional 16,167 shares during the quarter. Park Avenue Securities LLC’s holdings in Wheaton Precious Metals were worth $2,736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp lifted its holdings in shares of Wheaton Precious Metals by 0.5% in the second quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company’s stock worth $1,619,480,000 after acquiring an additional 78,618 shares during the last quarter. BlackRock Inc. acquired a new position in Wheaton Precious Metals during the 2nd quarter worth approximately $581,250,000. The Manufacturers Life Insurance Company increased its position in Wheaton Precious Metals by 3.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company’s stock worth $376,387,000 after purchasing an additional 92,435 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Wheaton Precious Metals in the 2nd quarter valued at approximately $351,708,000. Finally, Amundi lifted its stake in Wheaton Precious Metals by 3.2% in the 1st quarter. Amundi now owns 2,531,060 shares of the company’s stock valued at $331,594,000 after purchasing an additional 77,903 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $116.20 on Friday. The business has a 50 day moving average of $141.76 and a 200-day moving average of $133.93. The company has a market capitalization of $52.78 billion, a P/E ratio of 25.77, a P/E/G ratio of 2.40 and a beta of 0.54. Wheaton Precious Metals Corp. has a 1 year low of $94.28 and a 1 year high of $165.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. During the same period in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 84.7% compared to the same quarter last year. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 4.60 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.1950 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 17.29%.

Analysts Set New Price Targets

A number of brokerages have weighed in on WPM. Royal Bank Of Canada raised their target price on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Jefferies Financial Group lowered their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a report on Monday, July 6th. Weiss Ratings cut Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. UBS Group raised their price objective on Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Finally, Scotiabank reduced their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $172.11.

Key Stories Impacting Wheaton Precious Metals

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

• Positive Sentiment: Gold prices above US$4,000 may support Wheaton’s streaming business and cash generation. One analysis argues that the recent weakness in WPM shares could present a valuation opportunity for investors seeking precious-metals exposure. Gold Prices Are High While the Share Price Is Low, Making Now the Time to Re-examine Wheaton
• Positive Sentiment: Wheaton’s CEO reportedly sees approximately US$4 billion of capacity for potential deals, which could expand the company’s portfolio and future production if attractive streaming opportunities are completed. Wheaton Precious Metals stock: CEO sees USD 4 billion for deals
• Neutral Sentiment: Analysts expect earnings to grow ahead of next week’s report, but Zacks says WPM lacks the combination of factors that typically supports a likely earnings beat, raising uncertainty around the near-term catalyst. Wheaton Precious Metals earnings expectations
• Negative Sentiment: Zacks Research lowered multiple EPS forecasts, including Q3 2027 to $0.95 from $1.00, FY2027 to $4.28 from $4.38, Q1 2028 to $1.54 from $1.70, and FY2028 to $6.80 from $6.96. The revisions indicate softer expectations for longer-term earnings growth and likely contribute to the stock’s decline. Zacks Research Issues Negative Outlook for WPM Earnings

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.