Wheaton Precious Metals Corp. $WPM Stock Bought by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management increased its Wheaton Precious Metals stake by 31.2% in the third quarter to 180,415 shares valued at approximately $24.2 million. Institutional investors and hedge funds collectively own 70.34% of the company.
• Wheaton reported quarterly EPS of $1.19, beating estimates of $1.15, while revenue rose 84.7% year over year to $878 million. The company also maintains a quarterly dividend of $0.195, or $0.78 annually, yielding about 0.7%.
• Analysts remain broadly positive, with 10 Buy ratings and one Hold rating producing a Moderate Buy consensus and an average price target of $172.11. However, some analysts have lowered longer-term earnings estimates, creating uncertainty around future growth.

Cidel Asset Management Inc. boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 31.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,415 shares of the company's stock after purchasing an additional 42,877 shares during the period. Wheaton Precious Metals accounts for approximately 1.2% of Cidel Asset Management Inc.'s holdings, making the stock its 24th largest holding. Cidel Asset Management Inc.'s holdings in Wheaton Precious Metals were worth $24,151,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Stack Financial Management Inc acquired a new stake in Wheaton Precious Metals during the 2nd quarter worth approximately $30,118,000. Pecaut & CO. bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at $1,297,000. Euro Pacific Asset Management LLC lifted its stake in shares of Wheaton Precious Metals by 3.0% during the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company's stock worth $37,895,000 after buying an additional 8,455 shares during the last quarter. Groupe la Francaise boosted its stake in Wheaton Precious Metals by 9.7% in the 2nd quarter. Groupe la Francaise now owns 305,000 shares of the company's stock valued at $34,324,000 after purchasing an additional 26,975 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in shares of Wheaton Precious Metals by 66.1% during the 2nd quarter. Royal London Asset Management Ltd. now owns 1,040,429 shares of the company's stock worth $116,861,000 after purchasing an additional 413,859 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

NYSE WPM opened at $116.20 on Friday. 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 12-month low of $94.28 and a 12-month high of $165.76. The company has a 50-day simple moving average of $141.76 and a two-hundred day simple moving average of $133.93. The firm has a market cap of $52.78 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.27 and a beta of 0.54.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 net margin of 64.66% and a return on equity of 21.97%. The firm's revenue for the quarter was up 84.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.60 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.1950 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 17.29%.

Key Stories Impacting Wheaton Precious Metals

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

• Positive Sentiment: Gold prices above US$4,000 may support Wheaton’s streaming business and cash generation. One analysis argues that the recent weakness in WPM shares could present a valuation opportunity for investors seeking precious-metals exposure. Gold Prices Are High While the Share Price Is Low, Making Now the Time to Re-examine Wheaton
• Positive Sentiment: Wheaton’s CEO reportedly sees approximately US$4 billion of capacity for potential deals, which could expand the company’s portfolio and future production if attractive streaming opportunities are completed. Wheaton Precious Metals stock: CEO sees USD 4 billion for deals
• Neutral Sentiment: Analysts expect earnings to grow ahead of next week’s report, but Zacks says WPM lacks the combination of factors that typically supports a likely earnings beat, raising uncertainty around the near-term catalyst. Wheaton Precious Metals earnings expectations
• Negative Sentiment: Zacks Research lowered multiple EPS forecasts, including Q3 2027 to $0.95 from $1.00, FY2027 to $4.28 from $4.38, Q1 2028 to $1.54 from $1.70, and FY2028 to $6.80 from $6.96. The revisions indicate softer expectations for longer-term earnings growth and likely contribute to the stock’s decline. Zacks Research Issues Negative Outlook for WPM Earnings

Analysts Set New Price Targets

A number of research analysts recently issued reports on WPM shares. Weiss Ratings cut shares of Wheaton Precious Metals from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. UBS Group lifted their price objective on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. Scotiabank dropped their price objective on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, July 14th. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada increased their price objective on Wheaton Precious Metals from $160.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and a consensus target price of $172.11.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.

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