Varma Mutual Pension Insurance Co Invests $23.73 Million in Wheaton Precious Metals Corp. $WPM

Key Points

• Varma Mutual Pension Insurance Co. bought a new $23.73 million stake in Wheaton Precious Metals, purchasing 211,058 shares in the second quarter. Institutional investors and hedge funds now own 70.34% of the company.
• Analysts remain broadly bullish, with 12 Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $165.55, despite several firms recently lowering their targets.
• Wheaton reported strong quarterly results, including $1.19 EPS versus $1.15 expected and 84.7% year-over-year revenue growth. The company also announced a quarterly dividend of $0.195 per share, while analysts expect approximately $4.80 in full-year EPS.

Varma Mutual Pension Insurance Co purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 211,058 shares of the company's stock, valued at approximately $23,734,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WPM. Royal Bank Of Canada dropped their price objective on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Jefferies Financial Group reduced their target price on shares of 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. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. UBS Group decreased their target price on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Finally, Bank of America dropped their price target on shares of 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. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and an average target price of $165.55.

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.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $157.80 on Friday. Wheaton Precious Metals Corp. has a 52 week low of $92.57 and a 52 week high of $165.76. The stock's fifty day moving average is $119.19 and its two-hundred day moving average is $130.48. The company has a market capitalization of $71.67 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.79 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 (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.04. The business 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 revenue was up 84.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 EPS. Equities analysts expect that Wheaton Precious Metals Corp. will post 4.8 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business 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 $0.195 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a yield of 0.5%. Wheaton Precious Metals's dividend payout ratio is presently 17.29%.

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.

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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