Lombard Odier Asset Management Europe Ltd reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,195 shares of the company’s stock after selling 6,019 shares during the quarter. Wheaton Precious Metals accounts for approximately 1.0% of Lombard Odier Asset Management Europe Ltd’s holdings, making the stock its 25th biggest position. Lombard Odier Asset Management Europe Ltd’s holdings in Wheaton Precious Metals were worth $18,629,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of Wheaton Precious Metals during the first quarter valued at about $331,000. Focus Partners Wealth increased its stake in Wheaton Precious Metals by 10.7% during the first quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock valued at $871,000 after acquiring an additional 1,081 shares during the period. Acadian Asset Management LLC bought a new position in Wheaton Precious Metals during the first quarter valued at about $209,000. Sivia Capital Partners LLC acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at approximately $239,000. Finally, Rhumbline Advisers raised its holdings in Wheaton Precious Metals by 28.3% in the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock valued at $265,000 after acquiring an additional 652 shares in the last quarter. 70.34% of the stock is owned by institutional investors.
More Wheaton Precious Metals News
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
Wheaton Precious Metals Price Performance
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $868.35 million. During the same period last year, the business earned $0.55 earnings per share. The business’s revenue was up 91.7% on a year-over-year basis. Research analysts expect that Wheaton Precious Metals Corp. will post 4.73 EPS for the current fiscal year.
Wheaton Precious Metals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. Wheaton Precious Metals’s payout ratio is 19.70%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. UBS Group decreased their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Jefferies Financial Group cut their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank decreased their price target 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. Finally, Bank of America lowered their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $161.09.
Read Our Latest Analysis on Wheaton Precious Metals
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.
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