Canoe Financial LP Trims Position in Wheaton Precious Metals Corp. $WPM

Canoe Financial LP lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 972,532 shares of the company’s stock after selling 7,481 shares during the quarter. Canoe Financial LP owned approximately 0.21% of Wheaton Precious Metals worth $108,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Bulwark Capital Corp bought a new position in Wheaton Precious Metals in the 2nd quarter worth $27,000. Delta Asset Management LLC TN bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $27,000. Wealth Preservation Advisors LLC purchased a new position in shares of Wheaton Precious Metals during the first quarter valued at about $38,000. City State Bank raised its stake in Wheaton Precious Metals by 40.0% in the second quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after buying an additional 160 shares in the last quarter. Finally, Pacifica Partners Inc. lifted its holdings in Wheaton Precious Metals by 27.8% in the third quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock worth $51,000 after buying an additional 100 shares during the period. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WPM shares. Berenberg Bank upped their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Bank of America lifted their price target on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. CIBC increased their price objective on Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday. Finally, UBS Group boosted their target price on shares of Wheaton Precious Metals from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.78.

Wheaton Precious Metals News Summary

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

• Positive Sentiment: Zacks Research raised earnings estimates across several quarters and pushed up FY2026 and FY2027 EPS forecasts (e.g., FY2026 to $3.00 and FY2027 to $3.04), which improves near‑term earnings outlook. MarketBeat WPM estimates
• Positive Sentiment: Recent reported results (most recent quarter) showed an EPS beat versus consensus and year‑over‑year EPS growth, supporting the raised estimates. MarketBeat WPM results
• Neutral Sentiment: Although Zacks increased earnings estimates, it kept a “Hold” rating — investors may see upside in earnings but limited near‑term conviction from this analyst. MarketBeat WPM note
• Negative Sentiment: Zacks downgraded Wheaton from “strong‑buy” to “hold” — a downgrade in sentiment that can prompt profit‑taking or reduce buyer urgency. Zacks.com
• Negative Sentiment: Revenue in the most recent quarter missed Street estimates even as EPS beat, and the stock trades at a rich multiple (P/E ~55), which can make investors sensitive to any negative headlines. MarketBeat WPM results

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $121.25 on Friday. The business has a fifty day moving average price of $105.91 and a 200-day moving average price of $100.60. The company has a market capitalization of $55.05 billion, a PE ratio of 55.11, a PEG ratio of 1.81 and a beta of 0.54. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $123.92.

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

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 30.00%.

About Wheaton Precious Metals

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.