Wheaton Precious Metals Corp. $WPM Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC cut its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 35.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,738 shares of the company’s stock after selling 21,237 shares during the period. Cannell & Spears LLC’s holdings in Wheaton Precious Metals were worth $4,792,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Wheaton Precious Metals by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock worth $2,242,969,000 after purchasing an additional 289,939 shares during the period. Van ECK Associates Corp grew its position in Wheaton Precious Metals by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after purchasing an additional 1,402,092 shares during the last quarter. Capital International Investors increased its stake in Wheaton Precious Metals by 1.2% in the fourth quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock valued at $892,650,000 after purchasing an additional 93,599 shares during the period. Norges Bank purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $864,977,000. Finally, TD Asset Management Inc raised its holdings in shares of Wheaton Precious Metals by 0.5% in the fourth quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock valued at $857,598,000 after buying an additional 33,221 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WPM has been the subject of several analyst reports. UBS Group reduced their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Bank of America reduced their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Scotiabank lowered their price target 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. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective for the company. Finally, Jefferies Financial Group dropped their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a report on Monday, July 6th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.09.

Wheaton Precious Metals Trading Up 1.3%

NYSE WPM opened at $111.49 on Friday. The company has a market capitalization of $50.63 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.01 and a beta of 0.55. The business’s 50-day moving average price is $117.50 and its 200 day moving average price is $131.65. Wheaton Precious Metals Corp. has a twelve month low of $90.39 and a twelve month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. During the same quarter in the prior year, the company posted $0.55 EPS. The company’s quarterly revenue was up 91.7% compared to the same quarter last year. Equities analysts predict that Wheaton Precious Metals Corp. will post 4.73 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s payout ratio is currently 19.70%.

Wheaton Precious Metals News Roundup

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

• Positive Sentiment: Zacks Research increased its FY2026 EPS estimate to $4.71 from $4.65, implying slightly better near-term earnings momentum for Wheaton Precious Metals. Wheaton Precious Metals Free Report
• Positive Sentiment: The firm also raised FY2027 EPS to $5.13 from $4.88 and FY2028 EPS to $5.27 from $4.48, a meaningful boost to the company’s longer-term earnings outlook. Wheaton Precious Metals Free Report
• Positive Sentiment: Quarterly estimates were also nudged higher for several future periods, including Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, reinforcing a constructive analyst view on the stock. Wheaton Precious Metals Free Report
• Neutral Sentiment: Zacks trimmed its Q2 2026 EPS estimate slightly to $1.10 from $1.12, but the change is small and does not materially offset the broader series of upward revisions. Wheaton Precious Metals Free Report

Wheaton Precious Metals 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.