Bank of America Corp DE Sells 643,773 Shares of Wheaton Precious Metals Corp. $WPM

Bank of America Corp DE lowered its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 17.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,121,326 shares of the company's stock after selling 643,773 shares during the period. Bank of America Corp DE owned approximately 0.69% of Wheaton Precious Metals worth $408,925,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of Wheaton Precious Metals by 7.5% during the 1st quarter. Janus Henderson Group PLC now owns 160,449 shares of the company's stock valued at $21,013,000 after purchasing an additional 11,186 shares during the last quarter. Oddo BHF Asset Management Sas increased its position in Wheaton Precious Metals by 4.5% during the 1st quarter. Oddo BHF Asset Management Sas now owns 37,100 shares of the company's stock valued at $4,860,000 after buying an additional 1,600 shares in the last quarter. Strategic Investment Advisors MI purchased a new stake in Wheaton Precious Metals in the first quarter valued at about $159,000. Guardian Partners Inc. raised its stake in Wheaton Precious Metals by 80.3% in the first quarter. Guardian Partners Inc. now owns 15,106 shares of the company's stock valued at $1,982,000 after buying an additional 6,726 shares during the last quarter. Finally, Amundi boosted its holdings in Wheaton Precious Metals by 3.2% in the first quarter. Amundi now owns 2,531,060 shares of the company's stock worth $331,594,000 after acquiring an additional 77,903 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals News Summary

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

• Positive Sentiment: WPM is expected to deliver earnings growth in its upcoming report, and Zacks says the company has the factors associated with a likely earnings beat. The outlook supports the investment case for its high-margin precious-metals streaming model. Wheaton Precious Metals Corp. Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: A comparison with Archer Aviation highlights Wheaton’s lower-overhead business model and direct exposure to gold and silver prices, which may appeal to investors seeking precious-metals exposure without operating-mining risk. Archer Aviation vs. Wheaton Precious Metals
• Neutral Sentiment: WPM’s upcoming results are becoming the key near-term catalyst. The company previously reported strong revenue and earnings growth, but investors will focus on whether the new quarter meets elevated expectations and confirms its growth trajectory.
• Negative Sentiment: Edison Investment Research lowered its WPM EPS forecasts substantially: Q3 2026 to $0.89 from $1.38, Q4 to $1.00 from $1.56, and full-year 2026 to $4.32 from $5.61. The full-year estimate is also below consensus forecasts of roughly $4.62-$4.73, creating a negative earnings-expectations overhang. Edison Investment Research Has Bearish Forecast for WPM Q2 Earnings
• Negative Sentiment: The recent weakness in WPM shares, along with trading below its 50-day and 200-day moving averages, suggests that investors may be taking profits or reducing exposure while awaiting earnings clarity.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WPM. Royal Bank Of Canada dropped their price target on Wheaton Precious Metals from $165.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group lowered their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Bank of America dropped their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Berenberg Bank set a $157.00 price target on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Finally, Scotiabank decreased their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating for the company in a report on Tuesday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $165.55.

Wheaton Precious Metals Stock Up 0.0%

Wheaton Precious Metals stock opened at $109.06 on Monday. The stock has a 50-day moving average price of $115.87 and a 200 day moving average price of $131.21. The company has a market capitalization of $49.53 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55. Wheaton Precious Metals Corp. has a 52 week low of $90.94 and a 52 week high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. During the same quarter in the prior year, the company earned $0.55 EPS. Wheaton Precious Metals's quarterly revenue was up 91.7% on a year-over-year basis. Research analysts anticipate that Wheaton Precious Metals Corp. will post 4.62 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals's payout ratio is currently 19.70%.

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.

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