Korea Investment CORP Invests $37.36 Million in Wheaton Precious Metals Corp. $WPM

Key Points

• Korea Investment Corp. acquired 332,251 Wheaton Precious Metals shares worth approximately $37.36 million, joining other major institutions that have recently built positions. Institutional investors now own 70.34% of the company.
• Wheaton reported quarterly EPS of $1.19, beating estimates by $0.04, while revenue rose 84.7% year over year to $878 million. The company also declared a quarterly dividend of $0.195 per share, yielding approximately 0.5% annually.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and a $165.55 average price target, but some firms have reduced targets and Zacks cut several future earnings estimates, highlighting valuation and growth risks.

Korea Investment CORP bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 332,251 shares of the company's stock, valued at approximately $37,362,000. Korea Investment CORP owned about 0.07% of Wheaton Precious Metals at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $864,977,000. BlackRock Inc. acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at about $581,250,000. Deutsche Bank AG acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at about $310,372,000. Arrowstreet Capital Limited Partnership raised its holdings in Wheaton Precious Metals by 40.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,912,588 shares of the company's stock valued at $694,951,000 after acquiring an additional 1,715,540 shares during the period. Finally, Van ECK Associates Corp lifted its position in Wheaton Precious Metals by 10.7% during the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company's stock worth $1,700,517,000 after acquiring an additional 1,402,092 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $157.80 on Friday. Wheaton Precious Metals Corp. has a 1 year low of $92.57 and a 1 year high of $165.76. The stock has a market capitalization of $71.67 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The company's 50 day simple moving average is $119.19 and its 200 day simple moving average is $130.48.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million during the quarter, compared to analysts' expectations of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The company's quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 4.8 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 is currently 17.29%.

Wheaton Precious Metals News Roundup

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

• Positive Sentiment: Production growth outlook supports the shares: Wheaton is targeting a roughly 30% increase in production in 2026, driven by the Antamina asset, project ramp-ups and broader portfolio growth. Meeting that target could increase streaming revenue and strengthen earnings momentum. Can Wheaton Precious Metals Meet Its Upbeat 2026 Production Guidance?
• Positive Sentiment: Scotiabank raised its forecast and maintained an outperform view: The bank increased its FY2026 EPS estimate to $4.83 from $4.74, above the $4.80 consensus, and kept a “Sector Outperform” rating with a $175 price target. Wheaton Precious Metals analyst coverage
• Positive Sentiment: Zacks Research made a modest upward revision to its Q4 2026 EPS forecast, to $1.19 from $1.18, indicating limited near-term improvement in expectations.
• Neutral Sentiment: The stock’s recent strength reflects investor interest in precious-metals exposure and Wheaton’s high-margin streaming model, but its elevated valuation leaves performance sensitive to commodity prices and changes in earnings expectations.
• Negative Sentiment: Zacks lowered estimates across several future periods: FY2027 EPS was cut to $4.31 from $5.13, FY2028 EPS to $4.62 from $5.27, Q3 2026 to $1.05 from $1.14, Q1 2027 to $1.20 from $1.29, Q2 2027 to $1.10 from $1.13, Q3 2027 to $0.99 from $1.28, Q4 2027 to $1.01 from $1.43, and Q1 2028 to $1.19 from $1.41. These reductions signal softer projected earnings growth and are a headwind for the stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WPM shares. Wall Street Zen downgraded Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Bank of America reduced their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered Wheaton Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 16th. UBS Group lowered their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada dropped their target price on Wheaton Precious Metals from $165.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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