Brevan Howard Capital Management LP Purchases New Shares in Wheaton Precious Metals Corp. $WPM

Key Points

• Brevan Howard Capital Management LP acquired a new stake of 30,020 shares in Wheaton Precious Metals in Q3, valued at about $3.36 million, per the firm's latest 13F filing.
• Wheaton reported a strong quarter—EPS $1.22 vs. $0.91 expected and revenue $864.7M vs. $719.6M—spurring analyst upgrades and higher price targets (e.g., Scotiabank $178, TD Cowen $165) and a MarketBeat consensus of "Moderate Buy" with a $145.18 target.
• The company raised its quarterly dividend to $0.195 (annualized $0.78, yield ~0.6%), and roughly 70.34% of the stock is owned by hedge funds and other institutional investors.

Brevan Howard Capital Management LP acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,020 shares of the company's stock, valued at approximately $3,357,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nisa Investment Advisors LLC bought a new position in Wheaton Precious Metals during the 3rd quarter valued at approximately $26,000. Delta Asset Management LLC TN bought a new stake in Wheaton Precious Metals in the second quarter worth $27,000. Root Financial Partners LLC purchased a new stake in shares of Wheaton Precious Metals in the third quarter worth $29,000. Pacifica Partners Inc. increased its holdings in shares of Wheaton Precious Metals by 27.8% during the third quarter. Pacifica Partners Inc. now owns 460 shares of the company's stock valued at $51,000 after acquiring an additional 100 shares in the last quarter. Finally, Concord Wealth Partners purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter worth about $61,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

More Wheaton Precious Metals News

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

• Positive Sentiment: Wheaton reported record 2025 revenues and cash flow, production outperformed the company’s view and GEO (gold-equivalent) output rose — core operational beats that support future cash generation and underpin analyst upgrades. Should WPM Stock Be Part of Your Portfolio Post Q4 Results?
• Positive Sentiment: Scotiabank raised its price target to $178 and kept a “sector outperform” view, citing strong FY2025 earnings outlooks — a sizable upside vs. current levels that can attract buyers. Scotiabank PT raise
• Positive Sentiment: TD Securities and TD Cowen each nudged targets to $165 and maintain buy ratings, signaling broad dealer support for the stock after the quarter. Benzinga coverage
• Positive Sentiment: Stifel Canada maintained its buy rating (PT C$240), reinforcing institutional confidence in WPM’s long-term cash flow profile. Stifel Canada Maintains Buy
• Neutral Sentiment: Analyst commentary and bank reports (multiple briefs) reiterate upside but differ slightly on assumptions — useful for investors who want model sensitivity to metals prices and cost assumptions. Benzinga coverage
• Negative Sentiment: Management flagged higher costs in the quarter that weighed on margins; rising operating costs could limit near-term EPS expansion despite higher revenues. Zacks Q4 analysis

Wall Street Analyst Weigh In

Several brokerages recently commented on WPM. TD Cowen increased their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a "buy" rating in a research report on Monday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Scotiabank increased their price target on shares of Wheaton Precious Metals from $175.00 to $178.00 and gave the company a "sector outperform" rating in a report on Monday. UBS Group reissued a "neutral" rating and set a $158.00 price target on shares of Wheaton Precious Metals in a research report on Friday, January 30th. Finally, Wall Street Zen upgraded shares of Wheaton Precious Metals from a "buy" rating to a "strong-buy" rating in a report on Saturday. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.18.

Wheaton Precious Metals Stock Performance

WPM opened at $139.22 on Tuesday. The stock has a market capitalization of $63.21 billion, a P/E ratio of 42.97, a P/E/G ratio of 2.09 and a beta of 0.50. The company's 50-day simple moving average is $143.28 and its two-hundred day simple moving average is $119.95. Wheaton Precious Metals Corp. has a 52-week low of $68.03 and a 52-week high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.31. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.69%. The firm had revenue of $864.71 million for the quarter, compared to the consensus estimate of $719.59 million. During the same quarter last year, the firm posted $0.44 EPS. The business's quarterly revenue was up 127.3% compared to the same quarter last year. Research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be given a $0.195 dividend. This is a boost 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 yield of 0.6%. Wheaton Precious Metals's payout ratio is presently 20.37%.

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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