Wheaton Precious Metals Corp. $WPM Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,634 shares of the company’s stock after selling 4,300 shares during the period. DAVENPORT & Co LLC’s holdings in Wheaton Precious Metals were worth $3,985,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WPM. Pacifica Partners Inc. grew its position in Wheaton Precious Metals by 27.8% during the 3rd quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock worth $51,000 after purchasing an additional 100 shares during the last quarter. Veracity Capital LLC boosted its stake in shares of Wheaton Precious Metals by 2.1% during the third quarter. Veracity Capital LLC now owns 7,318 shares of the company’s stock worth $818,000 after buying an additional 149 shares during the period. HB Wealth Management LLC grew its holdings in shares of Wheaton Precious Metals by 3.2% during the second quarter. HB Wealth Management LLC now owns 5,068 shares of the company’s stock worth $455,000 after buying an additional 156 shares during the last quarter. City State Bank grew its holdings in shares of Wheaton Precious Metals by 40.0% during the second quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after buying an additional 160 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Wheaton Precious Metals by 1.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 11,412 shares of the company’s stock valued at $1,025,000 after acquiring an additional 168 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 weighed in on WPM shares. Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $115.00 to $130.00 in a research report on Wednesday, December 10th. Raymond James Financial increased their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Scotiabank reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Thursday, October 23rd. Bank of America upped their price objective on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, UBS Group raised their target price on shares of Wheaton Precious Metals from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.78.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $124.05 on Friday. The stock has a fifty day moving average price of $106.30 and a two-hundred day moving average price of $100.84. The stock has a market capitalization of $56.32 billion, a price-to-earnings ratio of 56.39, 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 $124.30.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $476.26 million for the quarter, compared to analyst estimates of $495.53 million. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The business’s revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 30.00%.

Key Stores Impacting 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.

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.