Wheaton Precious Metals Corp. $WPM Stock: Alps Advisors Inc. Trims Position

Key Points

• Alps Advisors reduced its Wheaton Precious Metals stake by 9.7% in the third quarter, selling 31,130 shares; it retained 291,019 shares valued at about $38.9 million.
• Wheaton reported quarterly EPS of $0.90 and revenue of $771.7 million, both slightly below analyst estimates.
• The company declared a quarterly dividend of $0.195 per share, equivalent to a 0.6% yield. Analysts’ consensus rating was “Moderate Buy,” with a $172.90 average price target.

Alps Advisors Inc. cut its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,019 shares of the company's stock after selling 31,130 shares during the quarter. Alps Advisors Inc. owned approximately 0.06% of Wheaton Precious Metals worth $38,915,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Stack Financial Management Inc purchased a new position in shares of Wheaton Precious Metals during the 2nd quarter worth approximately $30,118,000. Pecaut & CO. bought a new position in shares of Wheaton Precious Metals during the 2nd quarter worth about $1,297,000. Cidel Asset Management Inc. increased its position in Wheaton Precious Metals by 7,896.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 137,538 shares of the company's stock valued at $15,466,000 after acquiring an additional 135,818 shares in the last quarter. Euro Pacific Asset Management LLC lifted its stake in Wheaton Precious Metals by 3.0% in the first 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 in the last quarter. Finally, Groupe la Francaise boosted its position in shares of Wheaton Precious Metals by 9.7% in the second quarter. Groupe la Francaise now owns 305,000 shares of the company's stock valued at $34,324,000 after acquiring an additional 26,975 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $136.20 on Friday. The firm has a market capitalization of $61.86 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.33 and a beta of 0.56. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $138.57 and a 200 day moving average of $133.73. Wheaton Precious Metals Corp. has a 52 week low of $96.14 and a 52 week high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). The company had revenue of $771.73 million during the quarter, compared to analysts' expectations of $787.10 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 4.54 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, November 19th. Wheaton Precious Metals's payout ratio is 17.29%.

Analyst Ratings Changes

Several analysts have recently weighed in on WPM shares. Raymond James Financial restated an "outperform" rating and set a $180.00 price objective on shares of Wheaton Precious Metals in a research report on Friday. Berenberg Bank reaffirmed a "buy" rating and issued a $157.00 price objective (down from $160.00) on shares of Wheaton Precious Metals in a research note on Thursday, September 17th. UBS Group increased their price objective on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, October 8th. Royal Bank Of Canada boosted their target price on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. Finally, Scotiabank reduced 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 note on Tuesday, July 14th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $172.90.

More Wheaton Precious Metals News

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

• Positive Sentiment: Q3 revenue rose 62% year over year to about US$772 million, while adjusted net earnings increased 46%. Wheaton also reported record year-to-date production, sales volume, revenue, earnings and cash flow, and said it remains on track to meet annual production guidance. Q3 2026 results
• Positive Sentiment: The company declared a quarterly dividend of US$0.195 per share, an 18% increase from the same 2025 payment. The dividend supports investor returns, though its 0.6% indicated yield is modest. Dividend declaration
• Positive Sentiment: Peel Hunt retained its Buy rating and C$187 price target, citing a better-than-expected quarter. Wheaton also reported growth-project milestones, including first gold pour at Montage Gold’s Koné project and construction approval for Hudbay’s Copper World. Peel Hunt commentary
• Neutral Sentiment: UBS lowered its price target to $155 from $160 but maintained its Buy rating, indicating a modestly more cautious valuation view without a change in its overall recommendation. UBS price target update
• Negative Sentiment: Despite strong growth from a year earlier, Q3 EPS of $0.90 and revenue of $771.7 million fell short of consensus estimates of $0.91 and $787.1 million, respectively. Scotiabank also cut its 2026 EPS forecast to $4.65 from $4.83, although it kept a Sector Outperform rating and $175 target. Q3 estimate miss

About Wheaton Precious Metals

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt.

Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.

The company was founded as Silver Wheaton in 2004 and adopted the Wheaton Precious Metals name in 2017.

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