Bank of New York Mellon Corp Sells 13,171 Shares of Wheaton Precious Metals Corp. $WPM

Bank of New York Mellon Corp lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 458,226 shares of the company’s stock after selling 13,171 shares during the quarter. Bank of New York Mellon Corp’s holdings in Wheaton Precious Metals were worth $60,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its stake in Wheaton Precious Metals by 144.4% in the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of Wheaton Precious Metals by 100.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after purchasing an additional 117 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in Wheaton Precious Metals during the fourth quarter valued at about $28,000. Navalign LLC bought a new position in Wheaton Precious Metals during the fourth quarter valued at about $30,000. Finally, Eagle Bay Advisors LLC bought a new stake in Wheaton Precious Metals in the fourth quarter worth about $32,000. 70.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of research reports. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Scotiabank reduced their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Bank of America decreased their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada lowered their target price on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus price target of $161.09.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $110.02 on Friday. The stock has a market capitalization of $49.96 billion, a PE ratio of 27.78, a P/E/G ratio of 2.01 and a beta of 0.55. Wheaton Precious Metals Corp. has a 1 year low of $90.39 and a 1 year high of $165.76. The company’s 50 day simple moving average is $117.88 and its two-hundred day simple moving average is $131.79.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm’s revenue was up 91.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 4.73 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a $0.195 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s payout ratio is presently 19.70%.

Key Stories Impacting Wheaton Precious Metals

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

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Wheaton Precious Metals to $4.71 from $4.65, signaling slightly better near-term earnings expectations.
• Positive Sentiment: The firm also increased FY2027 EPS estimates to $5.13 from $4.88, which may encourage investors looking for improving longer-term profitability.
• Positive Sentiment: Quarterly estimates were also lifted for Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q3 2026, Q4 2026, and Q2 2028, reinforcing a broadly improved earnings outlook for WPM.
• Neutral Sentiment: The consensus estimate for the current full-year earnings remains at $4.73 per share, so the revisions are positive but still close to broader market expectations.

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.