Wheaton Precious Metals Corp. $WPM Stock: Park Avenue Securities LLC Grows Stake

Key Points

• Park Avenue Securities increased its Wheaton Precious Metals stake by 376.2% in the third quarter, bringing its holdings to 20,464 shares valued at approximately $2.74 million. Institutional investors and hedge funds own 70.34% of WPM.
• Analysts maintain a generally positive outlook, with 10 Buy ratings and one Hold rating; the consensus rating is “Moderate Buy” with a $172.11 price target. However, several firms recently lowered their targets.
• WPM opened at $116.20, down 5.7%, despite strong recent operating results: quarterly EPS of $1.19 beat estimates and revenue rose 84.7% year over year. The company also pays a $0.195 quarterly dividend, equal to a 0.7% yield.

Park Avenue Securities LLC raised its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 376.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,464 shares of the company's stock after buying an additional 16,167 shares during the quarter. Park Avenue Securities LLC's holdings in Wheaton Precious Metals were worth $2,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its holdings in shares of Wheaton Precious Metals by 20.0% during the third quarter. Verdence Capital Advisors LLC now owns 4,802 shares of the company's stock worth $642,000 after buying an additional 800 shares in the last quarter. Signaturefd LLC grew its stake in shares of Wheaton Precious Metals by 10.5% in the third quarter. Signaturefd LLC now owns 15,972 shares of the company's stock valued at $2,136,000 after acquiring an additional 1,514 shares in the last quarter. Yousif Capital Management LLC acquired a new position in shares of Wheaton Precious Metals in the third quarter valued at about $200,000. Root Financial Partners LLC bought a new position in Wheaton Precious Metals during the third quarter worth about $38,000. Finally, SBI Securities Co. Ltd. increased its position in Wheaton Precious Metals by 15.0% during the third quarter. SBI Securities Co. Ltd. now owns 8,100 shares of the company's stock worth $1,083,000 after acquiring an additional 1,059 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Weiss Ratings cut shares of Wheaton Precious Metals from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 23rd. Scotiabank dropped 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. Jefferies Financial Group dropped their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating for the company in a research report on Monday, July 6th. Finally, Bank of America cut 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. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $172.11.

Wheaton Precious Metals Stock Down 5.7%

WPM stock opened at $116.20 on Friday. The company has a market cap of $52.78 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.40 and a beta of 0.54. The business has a 50-day simple moving average of $141.76 and a 200 day simple moving average of $133.93. Wheaton Precious Metals Corp. has a 52 week low of $94.28 and a 52 week high of $165.76. 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 posted its quarterly earnings data 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. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business had revenue of $878.00 million during the quarter, compared to analysts' expectations of $879.29 million. During the same quarter in the prior year, the business posted $0.63 earnings per share. Wheaton Precious Metals's revenue was up 84.7% compared to the same quarter last year. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 4.60 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

More Wheaton Precious Metals News

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

Wheaton Precious Metals 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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