DAVENPORT & Co LLC Decreases Position in Wheaton Precious Metals Corp. $WPM

DAVENPORT & Co LLC decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 10.8% during the 3rd quarter, Holdings Channel reports. The firm owned 35,634 shares of the company’s stock after selling 4,300 shares during the quarter. DAVENPORT & Co LLC’s holdings in Wheaton Precious Metals were worth $3,985,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp boosted its position in shares of Wheaton Precious Metals by 28.9% in the 1st quarter. Northern Trust Corp now owns 448,909 shares of the company’s stock worth $34,849,000 after buying an additional 100,645 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Wheaton Precious Metals by 4.4% in the first quarter. Wellington Management Group LLP now owns 92,075 shares of the company’s stock valued at $7,144,000 after purchasing an additional 3,917 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Wheaton Precious Metals by 26.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 27,467 shares of the company’s stock valued at $2,132,000 after purchasing an additional 5,797 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Wheaton Precious Metals by 44.7% in the first quarter. Smartleaf Asset Management LLC now owns 1,438 shares of the company’s stock valued at $110,000 after purchasing an additional 444 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in shares of Wheaton Precious Metals during the 1st quarter worth approximately $383,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.7%

WPM stock opened at $124.05 on Friday. The stock has a market capitalization of $56.32 billion, a price-to-earnings ratio of 56.39, a price-to-earnings-growth ratio of 1.81 and a beta of 0.54. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $124.30. The stock’s fifty day simple moving average is $106.30 and its 200-day simple moving average is $100.84.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.The firm had revenue of $476.26 million during the quarter, compared to analyst estimates of $495.53 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 54.5% compared to the same quarter last year. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is presently 30.00%.

Trending Headlines about Wheaton Precious Metals

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

• Positive Sentiment: Wheaton’s CEO Randy Smallwood publicly said he is “really excited” about silver next year, signaling management expects stronger metal prices and potential volume/realization benefits for the company. This kind of CEO bullishness can lift sentiment for WPM shares. Read More.
• Positive Sentiment: Zacks Research increased WPM’s near- and medium-term EPS forecasts across multiple quarters and raised FY2026/FY2027 targets (FY2026 to $3.00, FY2027 to $3.04), supporting higher forward earnings expectations and giving fundamental backing to the rally.
• Positive Sentiment: Market commentary highlights the precious‑metals rally and features Wheaton as a high‑margin, low‑operational-risk way to play gold/silver (streaming model, >40 counterparties, ~55% net margins). Sector tailwinds (gold & silver gains) are a structural positive for WPM liquidity and sentiment.
• Neutral Sentiment: Benzinga flagged unusual options activity on WPM today — such flows can be bullish (large call buys) or neutral/hedging-driven; the signal matters only after clarifying whether trades are directional or protective. Read More.
• Negative Sentiment: Zacks downgraded WPM from “strong-buy” to “hold” despite raising estimates — a lower formal rating can limit near-term analyst-driven buying and suggests caution about valuation at current levels. Read More.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WPM shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 target price on shares of Wheaton Precious Metals in a research note on Sunday, December 7th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. CIBC increased their price objective on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday. Finally, Raymond James Financial upped their target price on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.78.

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.