Korea Investment CORP Invests $37.36 Million in Wheaton Precious Metals Corp. $WPM

Korea Investment CORP bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 332,251 shares of the company’s stock, valued at approximately $37,362,000. Korea Investment CORP owned about 0.07% of Wheaton Precious Metals at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $864,977,000. BlackRock Inc. acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at about $581,250,000. Deutsche Bank AG acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at about $310,372,000. Arrowstreet Capital Limited Partnership raised its holdings in Wheaton Precious Metals by 40.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,912,588 shares of the company’s stock valued at $694,951,000 after acquiring an additional 1,715,540 shares during the period. Finally, Van ECK Associates Corp lifted its position in Wheaton Precious Metals by 10.7% during the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after acquiring an additional 1,402,092 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $157.80 on Friday. Wheaton Precious Metals Corp. has a 1 year low of $92.57 and a 1 year high of $165.76. The stock has a market capitalization of $71.67 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50 day simple moving average is $119.19 and its 200 day simple moving average is $130.48.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 4.8 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio is currently 17.29%.

Wheaton Precious Metals News Roundup

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

• Positive Sentiment: Production growth outlook supports the shares: Wheaton is targeting a roughly 30% increase in production in 2026, driven by the Antamina asset, project ramp-ups and broader portfolio growth. Meeting that target could increase streaming revenue and strengthen earnings momentum. Can Wheaton Precious Metals Meet Its Upbeat 2026 Production Guidance?
• Positive Sentiment: Scotiabank raised its forecast and maintained an outperform view: The bank increased its FY2026 EPS estimate to $4.83 from $4.74, above the $4.80 consensus, and kept a “Sector Outperform” rating with a $175 price target. Wheaton Precious Metals analyst coverage
• Positive Sentiment: Zacks Research made a modest upward revision to its Q4 2026 EPS forecast, to $1.19 from $1.18, indicating limited near-term improvement in expectations.
• Neutral Sentiment: The stock’s recent strength reflects investor interest in precious-metals exposure and Wheaton’s high-margin streaming model, but its elevated valuation leaves performance sensitive to commodity prices and changes in earnings expectations.
• Negative Sentiment: Zacks lowered estimates across several future periods: FY2027 EPS was cut to $4.31 from $5.13, FY2028 EPS to $4.62 from $5.27, Q3 2026 to $1.05 from $1.14, Q1 2027 to $1.20 from $1.29, Q2 2027 to $1.10 from $1.13, Q3 2027 to $0.99 from $1.28, Q4 2027 to $1.01 from $1.43, and Q1 2028 to $1.19 from $1.41. These reductions signal softer projected earnings growth and are a headwind for the stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WPM shares. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Bank of America reduced their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. UBS Group lowered their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada dropped their target price on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.55.

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.