BlackRock Inc. Takes Position in Wheaton Precious Metals Corp. $WPM

Key Points

• BlackRock acquired 5.17 million shares of Wheaton Precious Metals worth approximately $581.3 million, giving it a 1.14% stake; institutional investors now own 70.34% of the company.
• Analysts remain broadly bullish, with 12 Buy ratings and one Hold rating, a “Moderate Buy” consensus, and an average price target of $165.55.
• Wheaton reported quarterly EPS of $1.19, beating estimates, while revenue rose 84.7% year over year to $878 million. The company also declared a quarterly dividend of $0.195 per share, equivalent to a 0.5% yield.

BlackRock Inc. acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,174,948 shares of the company's stock, valued at approximately $581,250,000. BlackRock Inc. owned about 1.14% of Wheaton Precious Metals at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stack Financial Management Inc bought a new stake in Wheaton Precious Metals in the 2nd quarter worth approximately $30,118,000. Euro Pacific Asset Management LLC lifted its holdings in shares of Wheaton Precious Metals by 3.0% during the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company's stock valued at $37,895,000 after buying an additional 8,455 shares during the period. Abacus Wealth Partners LLC boosted its stake in shares of Wheaton Precious Metals by 1,402.0% in the 4th quarter. Abacus Wealth Partners LLC now owns 32,023 shares of the company's stock worth $3,763,000 after buying an additional 29,891 shares during the last quarter. Pecaut & CO. bought a new stake in shares of Wheaton Precious Metals in the second quarter worth $1,297,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Wheaton Precious Metals by 489.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,300 shares of the company's stock valued at $8,631,000 after acquiring an additional 61,700 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the subject of several research reports. Berenberg Bank set a $157.00 price target on shares of Wheaton Precious Metals in a research report on Tuesday, July 28th. Royal Bank Of Canada cut their target price on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Scotiabank cut their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating for the company in a research report on Tuesday, July 14th. UBS Group reduced their target price on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Finally, Wall Street Zen downgraded shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $165.55.

Wheaton Precious Metals Trading Up 0.0%

Shares of NYSE:WPM opened at $157.80 on Monday. The stock has a 50 day moving average of $119.19 and a 200 day moving average of $130.47. The company has a market cap of $71.67 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals Corp. has a 12-month low of $92.57 and a 12-month high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.19 EPS 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 company had revenue of $878.00 million for the quarter, compared to analysts' expectations of $879.29 million. During the same quarter last year, the business earned $0.63 EPS. The firm's revenue was up 84.7% compared to the same quarter last year. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 4.8 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 20th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 17.29%.

Key Headlines Impacting Wheaton Precious Metals

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

• Positive Sentiment: Scotiabank maintained a positive outlook for Wheaton’s fiscal 2026 earnings, providing supportive analyst sentiment. Scotiabank Has Positive Estimate for WPM FY2026 Earnings
• Neutral Sentiment: Analysts published expectations for Wheaton’s fourth-quarter earnings, giving investors an updated benchmark ahead of the company’s results. The broader consensus remains approximately $4.80 in EPS for the current fiscal year. Equities Analysts Set Expectations for WPM Q4 Earnings
• Negative Sentiment: Zacks Research reduced its EPS forecasts across several future periods, including Q3 2026 to $1.05 from $1.14, Q1 2027 to $1.20 from $1.29, and Q2 2027 to $1.10 from $1.13. It also cut Q3 2027 to $0.99 from $1.28 and Q4 2027 to $1.01 from $1.43.
• Negative Sentiment: Zacks lowered its full-year 2027 EPS forecast to $4.31 from $5.13 and its 2028 estimate to $4.62 from $5.27. These reductions point to more conservative expectations for Wheaton’s medium-term earnings growth, despite the company’s recent quarterly EPS beat and 84.7% year-over-year revenue increase.

Wheaton Precious Metals Company Profile

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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