Ethic Inc. Acquires 40,170 Shares of Wheaton Precious Metals Corp. $WPM

Ethic Inc. grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 59.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 107,322 shares of the company’s stock after buying an additional 40,170 shares during the period. Ethic Inc.’s holdings in Wheaton Precious Metals were worth $14,351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Wheaton Precious Metals by 0.5% during the 2nd quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company’s stock worth $1,619,480,000 after acquiring an additional 78,618 shares during the last quarter. BlackRock Inc. purchased a new position in Wheaton Precious Metals during the 2nd quarter valued at $581,250,000. The Manufacturers Life Insurance Company boosted its holdings in Wheaton Precious Metals by 3.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company’s stock valued at $376,387,000 after acquiring an additional 92,435 shares during the period. Canada Pension Plan Investment Board bought a new position in Wheaton Precious Metals in the 2nd quarter valued at $351,708,000. Finally, Amundi grew its position in Wheaton Precious Metals by 3.2% in the 1st quarter. Amundi now owns 2,531,060 shares of the company’s stock valued at $331,594,000 after acquiring an additional 77,903 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of recent analyst reports. Berenberg Bank reiterated a “buy” rating and issued a $157.00 target price (down from $160.00) on shares of Wheaton Precious Metals in a research note on Thursday, September 17th. Raymond James Financial reiterated an “outperform” rating and set a $180.00 target price on shares of Wheaton Precious Metals in a research report on Friday. Weiss Ratings lowered shares of Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Royal Bank Of Canada upped their price target on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Finally, UBS Group upped their price target on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $172.90.

Wheaton Precious Metals News Roundup

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

• Positive Sentiment: Q3 revenue rose 62% year over year to about US$772 million, while adjusted net earnings increased 46%. Wheaton also reported record year-to-date production, sales volume, revenue, earnings and cash flow, and said it remains on track to meet annual production guidance. Q3 2026 results
• Positive Sentiment: The company declared a quarterly dividend of US$0.195 per share, an 18% increase from the same 2025 payment. The dividend supports investor returns, though its 0.6% indicated yield is modest. Dividend declaration
• Positive Sentiment: Peel Hunt retained its Buy rating and C$187 price target, citing a better-than-expected quarter. Wheaton also reported growth-project milestones, including first gold pour at Montage Gold’s Koné project and construction approval for Hudbay’s Copper World. Peel Hunt commentary
• Neutral Sentiment: UBS lowered its price target to $155 from $160 but maintained its Buy rating, indicating a modestly more cautious valuation view without a change in its overall recommendation. UBS price target update
• Negative Sentiment: Despite strong growth from a year earlier, Q3 EPS of $0.90 and revenue of $771.7 million fell short of consensus estimates of $0.91 and $787.1 million, respectively. Scotiabank also cut its 2026 EPS forecast to $4.65 from $4.83, although it kept a Sector Outperform rating and $175 target. Q3 estimate miss

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $136.20 on Friday. The firm’s 50 day simple moving average is $138.57 and its 200-day simple moving average is $133.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. Wheaton Precious Metals Corp. has a one year low of $96.14 and a one year high of $165.76. The firm has a market cap of $61.86 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.69 and a beta of 0.56.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The firm had revenue of $771.73 million during the quarter, compared to analysts’ expectations of $787.10 million. Wheaton Precious Metals had a net margin of 60.39% and a return on equity of 22.70%. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 4.54 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.1950 per share. This represents a $0.78 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, November 19th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 17.29%.

Wheaton Precious Metals Profile

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt.

Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.

The company was founded as Silver Wheaton in 2004 and adopted the Wheaton Precious Metals name in 2017.