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

Ethic Inc. increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 59.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,322 shares of the company’s stock after acquiring an additional 40,170 shares during the quarter. Ethic Inc.’s holdings in Wheaton Precious Metals were worth $14,351,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WPM. Van ECK Associates Corp increased its holdings in Wheaton Precious Metals by 0.5% in the 2nd quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company’s stock valued at $1,619,480,000 after acquiring an additional 78,618 shares during the last quarter. BlackRock Inc. bought a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at about $581,250,000. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 purchasing an additional 92,435 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at about $351,708,000. Finally, Amundi grew its position in shares of Wheaton Precious Metals by 3.2% during the first quarter. Amundi now owns 2,531,060 shares of the company’s stock valued at $331,594,000 after purchasing an additional 77,903 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

NYSE WPM opened at $136.20 on Friday. The company has a market cap of $61.86 billion, a P/E ratio of 29.61, a P/E/G ratio of 2.69 and a beta of 0.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50 day moving average price is $138.57 and its 200-day moving average price is $133.73. Wheaton Precious Metals Corp. has a fifty-two week low of $96.14 and a fifty-two week high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last issued 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 company had revenue of $771.73 million during the quarter, compared to the consensus estimate of $787.10 million. Wheaton Precious Metals had a return on equity of 22.70% and a net margin of 60.39%. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 4.54 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.1950 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is currently 17.29%.

More Wheaton Precious Metals News

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

Analyst Ratings Changes

Several brokerages have recently issued reports on WPM. Scotiabank reduced their target price on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Raymond James Financial restated an “outperform” rating and issued a $180.00 target price on shares of Wheaton Precious Metals in a report on Friday. Berenberg Bank restated a “buy” rating and set a $157.00 target price (down from $160.00) on shares of Wheaton Precious Metals in a research report on Thursday, September 17th. Weiss Ratings downgraded shares of Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Finally, UBS Group increased their price target on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.90.

About Wheaton Precious Metals

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.