Gabelli Funds LLC Sells 28,300 Shares of Wheaton Precious Metals Corp. $WPM

Gabelli Funds LLC lowered its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 8.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 294,700 shares of the company’s stock after selling 28,300 shares during the period. Gabelli Funds LLC’s holdings in Wheaton Precious Metals were worth $38,609,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC bought a new position in shares of Wheaton Precious Metals in the first quarter worth about $331,000. Focus Partners Wealth grew its position in shares of Wheaton Precious Metals by 10.7% during the first quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock worth $871,000 after purchasing an additional 1,081 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Wheaton Precious Metals during the 1st quarter valued at approximately $209,000. Sivia Capital Partners LLC bought a new stake in Wheaton Precious Metals during the 2nd quarter valued at approximately $239,000. Finally, Rhumbline Advisers raised its stake in Wheaton Precious Metals by 28.3% during the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock valued at $265,000 after purchasing an additional 652 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 1.3%

Shares of WPM stock opened at $111.49 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $90.39 and a 12-month high of $165.76. The stock’s 50-day moving average price is $117.50 and its 200-day moving average price is $131.65. The stock has a market capitalization of $50.63 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 1.98 and a beta of 0.55.

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

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

WPM has been the subject of several recent analyst reports. Scotiabank dropped their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price objective on the stock. Weiss Ratings downgraded shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Royal Bank Of Canada lowered their target price on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Bank of America dropped their target price on shares of 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. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.09.

Trending Headlines about Wheaton Precious Metals

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

• Positive Sentiment: Zacks Research increased its FY2026 EPS estimate to $4.71 from $4.65, implying slightly better near-term earnings momentum for Wheaton Precious Metals. Wheaton Precious Metals Free Report
• Positive Sentiment: The firm also raised FY2027 EPS to $5.13 from $4.88 and FY2028 EPS to $5.27 from $4.48, a meaningful boost to the company’s longer-term earnings outlook. Wheaton Precious Metals Free Report
• Positive Sentiment: Quarterly estimates were also nudged higher for several future periods, including Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, reinforcing a constructive analyst view on the stock. Wheaton Precious Metals Free Report
• Neutral Sentiment: Zacks trimmed its Q2 2026 EPS estimate slightly to $1.10 from $1.12, but the change is small and does not materially offset the broader series of upward revisions. Wheaton Precious Metals Free Report

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.