Sumitomo Life Insurance Co. Purchases New Stake in Wheaton Precious Metals Corp. $WPM

Key Points

• Sumitomo Life Insurance acquired 13,570 Wheaton Precious Metals shares worth approximately $1.52 million, while institutional investors collectively own 70.34% of the company.
• Wheaton reported quarterly EPS of $1.19, beating estimates by $0.04, as revenue surged 84.7% year over year to $878 million. The company also announced a quarterly dividend of $0.195 per share, equating to a 0.5% yield.
• Analysts maintain a broadly positive outlook, with 12 Buy ratings and one Hold and a consensus “Moderate Buy” rating, although several firms lowered price targets and Zacks reduced its fiscal 2027 and 2028 earnings estimates.

Sumitomo Life Insurance Co. acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,570 shares of the company's stock, valued at approximately $1,524,000.

Several other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC acquired a new stake in Wheaton Precious Metals in the first quarter valued at $331,000. Focus Partners Wealth grew its stake in shares of Wheaton Precious Metals by 10.7% during the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company's stock worth $871,000 after purchasing an additional 1,081 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Wheaton Precious Metals during the 1st quarter worth $209,000. Sivia Capital Partners LLC purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at about $239,000. Finally, Rhumbline Advisers increased its holdings in shares of Wheaton Precious Metals by 28.3% in the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company's stock valued at $265,000 after purchasing an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Trading Up 5.0%

NYSE:WPM opened at $157.80 on Friday. The company has a market capitalization of $71.67 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals Corp. has a 52-week low of $92.57 and a 52-week high of $165.76. The stock has a fifty day simple moving average of $119.19 and a 200-day simple moving average of $130.48.

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

Wheaton Precious Metals Announces Dividend

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

More Wheaton Precious Metals News

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

• Positive Sentiment: Wheaton is targeting a roughly 30% increase in production during 2026. The growth plan is supported by the Antamina asset, production ramp-ups and other portfolio developments, which could drive higher streaming revenue and cash flow. Can Wheaton Precious Metals Meet Its Upbeat 2026 Production Guidance?
• Positive Sentiment: Scotiabank raised its FY2026 EPS estimate for WPM to $4.83 from $4.74, maintained a “Sector Outperform” rating and set a $175 price target. The revised estimate is slightly above the $4.80 consensus forecast. Wheaton Precious Metals Analyst Information
• Positive Sentiment: Broader strength in precious-metals stocks and investor interest in low-cost royalty and streaming companies are providing a favorable industry backdrop. Wheaton’s asset-light model may be viewed as a lower-risk way to gain exposure to higher metal prices and a potential mining investment cycle. Precious Metals Stocks Rally Broadly
• Neutral Sentiment: Zacks Research made a small upward adjustment to its Q4 2026 EPS forecast, to $1.19 from $1.18, but this was outweighed by broader reductions to later-period estimates. Can Wheaton Precious Metals Meet Its Upbeat 2026 Production Guidance?
• Negative Sentiment: Zacks cut its FY2027 EPS estimate to $4.31 from $5.13 and its FY2028 estimate to $4.62 from $5.27. Quarterly reductions included Q3 2026, Q1-Q4 2027 and Q1-Q2 2028, signaling more cautious expectations for future earnings growth. These revisions could limit upside if investors focus on valuation and forward profitability.

Analyst Ratings Changes

A number of research firms recently commented on WPM. Bank of America decreased their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Weiss Ratings cut shares of Wheaton Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 16th. Berenberg Bank set a $157.00 price target on shares of Wheaton Precious Metals in a research report on Tuesday, July 28th. Scotiabank reduced 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 research report on Tuesday, July 14th. Finally, Jefferies Financial Group decreased their price target on Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.

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