Wheaton Precious MetalsWPM Market cap $27.4B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
122% more call options, than puts
Call options by funds: $236M | Put options by funds: $106M
79% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 48
43% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 10 (+3) [Q2]
14% more capital invested
Capital invested by funds: $12.8B [Q1] → $14.7B (+$1.85B) [Q2]
8% more funds holding
Funds holding: 501 [Q1] → 539 (+38) [Q2]
1.92% more ownership
Funds ownership: 59.47% [Q1] → 61.39% (+1.92%) [Q2]
5% more repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 170
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Jefferies Chris LaFemina 75% 1-year accuracy 12 / 16 met price target | 28%upside $77 | Buy Maintained | 4 Oct 2024 |
Scotiabank Tanya Jakusconek 92% 1-year accuracy 12 / 13 met price target | 19%upside $72 | Sector Outperform Maintained | 19 Aug 2024 |
TD Securities Greg Barnes 100% 1-year accuracy 1 / 1 met price target | 16%upside $70 | Buy Maintained | 15 Aug 2024 |
Jefferies Chris LaFemina 75% 1-year accuracy 12 / 16 met price target | 11%upside $67 | Buy Maintained | 12 Jul 2024 |
CIBC Cosmos Chiu 50% 1-year accuracy 3 / 6 met price target | 33%upside $80 | Outperformer Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 6 articles about WPM published over the past 30 days