Wheaton Precious Metals
About: Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.
Employees: 42
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
125% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 40
61% more call options, than puts
Call options by funds: $230M | Put options by funds: $143M
30% more funds holding in top 10
Funds holding in top 10: 10 [Q2] → 13 (+3) [Q3]
13% more capital invested
Capital invested by funds: $14.8B [Q2] → $16.7B (+$1.92B) [Q3]
9% more funds holding
Funds holding: 539 [Q2] → 589 (+50) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 181
2.32% less ownership
Funds ownership: 62.06% [Q2] → 59.73% (-2.32%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$75
31%
upside
Avg. target
$77
34%
upside
High target
$78
37%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
UBS Daniel Major 0% 1-year accuracy 0 / 8 met price target | 37%upside $78 | Buy Initiated | 18 Nov 2024 |
Raymond James Brian MacArthur 14% 1-year accuracy 2 / 14 met price target | 31%upside $75 | Outperform Maintained | 25 Oct 2024 |
Jefferies Chris LaFemina 43% 1-year accuracy 6 / 14 met price target | 35%upside $77 | Buy Maintained | 4 Oct 2024 |
Financial journalist opinion
Based on 4 articles about WPM published over the past 30 days
Positive
Seeking Alpha
6 days ago
Inflation-Proof Profits: My Favorite Dividend Stocks For Any Market
Inflation poses a challenge to dividend investors. While stocks offer long-term protection, short-term volatility requires strategic stock picking. Companies with pricing power and low input costs are key. Focus on revenue growth and controlled operating expenses. Business models like royalties, exchange operators, and streamers offer unique advantages during inflationary times. My analysis highlights investments positioned to thrive in this environment, offering both stability and growth. Prioritizing favorable revenue and cost dynamics ensures long-term dividend success.
Positive
Seeking Alpha
1 week ago
Wheaton Precious Metals: Strong Trend, But Too Much Shine On The Stock Price
I have a hold rating on Wheaton Precious Metals Corp (WPM) due to its high valuation despite strong earnings growth and favorable technical trends. WPM's recent earnings report showed mixed results, with impressive revenue growth but a slight miss on Wall Street expectations. Key risks include lower precious metal prices, higher operational costs, and potential regulatory changes, though the company has significant liquidity.
Positive
Zacks Investment Research
2 weeks ago
WPM Expands Portfolio With Gold Stream Acquisition of Kurmuk Project
Wheaton Precious Metals and its subsidiary sign a streaming agreement with Allied to move forward with the construction of the Kurmuk project.
Positive
Forbes
4 weeks ago
Buy, Sell Or Hold WPM Stock?
Wheaton Precious Metals stock has fared reasonably well this year, rising by about 29% year-to-date, ahead of the S&P 500. There have been a couple of factors helping Wheaton.
Positive
Seeking Alpha
1 month ago
Value In A Tricky Market - 3 Dividend (Growth) Stocks You'll Love
In an unpredictable market, finding reliable dividend growth is a challenge. This article zeroes in on three stocks that offer standout value and growth potential. Each stock has been selected for its resilience and strong fundamentals, even in a fluctuating economic landscape, giving dividend investors a stable edge. With these picks, investors can balance value with growth in today's market, making them smart, dependable options for long-term dividend strategies.
Positive
CNBC Television
1 month ago
Gold's weakness is helping to build a foundation under current prices: Wheaton CEO Randy Smallwood
Randy Smallwood, Wheaton Precious Metals CEO, joins 'Money Movers' to discuss what's feeding into the current price of gold, if there was a crisis bid embedded in the price of gold, and much more.
Positive
Zacks Investment Research
1 month ago
Wheaton Precious Q3 Earnings Meet Estimates, Rise Y/Y on Higher Prices
WPM's Q3 top line reflects an increased average realized gold equivalent price and higher GEOs sold in the quarter.
Neutral
Seeking Alpha
1 month ago
Wheaton Precious Metals Corp. (WPM) Q3 2024 Earnings Call Transcript
Wheaton Precious Metals Corp. (NYSE:WPM ) Q3 2024 Earnings Conference Call November 8, 2024 11:00 AM ET Company Participants Emma Murray - Vice President of Investor Relations Randy Smallwood - President and Chief Executive Officer Gary Brown - Senior Vice President and Chief Financial Officer Haytham Hodaly - Senior Vice President, Corporate Development Wesley Carson - Vice President, Mining Operations Conference Call Participants Ralph Profiti - Eight Capital Tanya Jakusconek - Scotia Bank Lawson Winder - Bank of America Will Dalby - Berenberg Carey MacRury - Canaccord Genuity Operator Good morning, ladies and gentlemen. Thank you for standing by.
Positive
Zacks Investment Research
1 month ago
Wheaton Precious Metals (WPM) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Wheaton Precious Metals (WPM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Wheaton Precious Metals Corp. (WPM) Matches Q3 Earnings Estimates
Wheaton Precious Metals Corp. (WPM) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.27 per share a year ago.
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