Sumitomo Life Insurance Co. Makes New $1.52 Million Investment in Wheaton Precious Metals Corp. $WPM

Sumitomo Life Insurance Co. purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, HoldingsChannel.com reports. The fund purchased 13,570 shares of the company’s stock, valued at approximately $1,524,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its position in Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after purchasing an additional 117 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in Wheaton Precious Metals in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC lifted its holdings in Wheaton Precious Metals by 245.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after purchasing an additional 162 shares in the last quarter. Finally, Navalign LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $30,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WPM shares. Royal Bank Of Canada lowered their price target on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group reduced their price objective 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. Bank of America decreased their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Finally, UBS Group cut their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Stock Up 5.0%

WPM opened at $157.80 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $92.57 and a 12 month high of $165.76. The business has a 50-day moving average of $119.19 and a two-hundred day moving average of $130.48. 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 stock has a market capitalization of $71.67 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55.

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

Wheaton Precious Metals Dividend Announcement

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

Key Stories Impacting Wheaton Precious Metals

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

• Positive Sentiment: Wheaton is targeting a roughly 30% increase in production during 2026. The growth plan is supported by the Antamina asset, production ramp-ups and other portfolio developments, which could drive higher streaming revenue and cash flow. Can Wheaton Precious Metals Meet Its Upbeat 2026 Production Guidance?
• Positive Sentiment: Scotiabank raised its FY2026 EPS estimate for WPM to $4.83 from $4.74, maintained a “Sector Outperform” rating and set a $175 price target. The revised estimate is slightly above the $4.80 consensus forecast. Wheaton Precious Metals Analyst Information
• Positive Sentiment: Broader strength in precious-metals stocks and investor interest in low-cost royalty and streaming companies are providing a favorable industry backdrop. Wheaton’s asset-light model may be viewed as a lower-risk way to gain exposure to higher metal prices and a potential mining investment cycle. Precious Metals Stocks Rally Broadly
• Neutral Sentiment: Zacks Research made a small upward adjustment to its Q4 2026 EPS forecast, to $1.19 from $1.18, but this was outweighed by broader reductions to later-period estimates. Can Wheaton Precious Metals Meet Its Upbeat 2026 Production Guidance?
• Negative Sentiment: Zacks cut its FY2027 EPS estimate to $4.31 from $5.13 and its FY2028 estimate to $4.62 from $5.27. Quarterly reductions included Q3 2026, Q1-Q4 2027 and Q1-Q2 2028, signaling more cautious expectations for future earnings growth. These revisions could limit upside if investors focus on valuation and forward profitability.

Wheaton Precious Metals Company Profile

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.