Wheaton Precious Metals Corp. $WPM Holdings Lifted by Cidel Asset Management Inc.

Cidel Asset Management Inc. increased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 31.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,415 shares of the company’s stock after purchasing an additional 42,877 shares during the period. Wheaton Precious Metals makes up approximately 1.2% of Cidel Asset Management Inc.’s holdings, making the stock its 24th biggest position. Cidel Asset Management Inc.’s holdings in Wheaton Precious Metals were worth $24,151,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its stake in Wheaton Precious Metals by 245.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after acquiring an additional 162 shares during the period. Hollencrest Capital Management raised its stake in shares of Wheaton Precious Metals by 73.5% in the first quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the period. Wellington Altus USA Inc. boosted its position in shares of Wheaton Precious Metals by 446.7% in the second quarter. Wellington Altus USA Inc. now owns 328 shares of the company’s stock worth $37,000 after purchasing an additional 268 shares during the period. Latitude Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the third quarter worth about $37,000. Finally, Root Financial Partners LLC bought a new stake in Wheaton Precious Metals in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 5.7%

NYSE:WPM opened at $116.20 on Friday. The firm has a market capitalization of $52.78 billion, a P/E ratio of 25.77, a PEG ratio of 2.27 and a beta of 0.54. Wheaton Precious Metals Corp. has a 1-year low of $94.28 and a 1-year high of $165.76. The company’s fifty day moving average price is $141.76 and its 200-day moving average price is $133.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The firm’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. As a group, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 4.60 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.1950 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 17.29%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WPM. Bank of America dropped their price target 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. Scotiabank dropped their price objective 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. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a report on Tuesday, July 28th. Weiss Ratings cut Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group cut their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.11.

More Wheaton Precious Metals News

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

• Positive Sentiment: Gold prices above US$4,000 may support Wheaton’s streaming business and cash generation. One analysis argues that the recent weakness in WPM shares could present a valuation opportunity for investors seeking precious-metals exposure. Gold Prices Are High While the Share Price Is Low, Making Now the Time to Re-examine Wheaton
• Positive Sentiment: Wheaton’s CEO reportedly sees approximately US$4 billion of capacity for potential deals, which could expand the company’s portfolio and future production if attractive streaming opportunities are completed. Wheaton Precious Metals stock: CEO sees USD 4 billion for deals
• Neutral Sentiment: Analysts expect earnings to grow ahead of next week’s report, but Zacks says WPM lacks the combination of factors that typically supports a likely earnings beat, raising uncertainty around the near-term catalyst. Wheaton Precious Metals earnings expectations
• Negative Sentiment: Zacks Research lowered multiple EPS forecasts, including Q3 2027 to $0.95 from $1.00, FY2027 to $4.28 from $4.38, Q1 2028 to $1.54 from $1.70, and FY2028 to $6.80 from $6.96. The revisions indicate softer expectations for longer-term earnings growth and likely contribute to the stock’s decline. Zacks Research Issues Negative Outlook for WPM Earnings

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.