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Wheaton Precious Metals slides as precious-metals pullback appears to outweigh strong recent company results

Investivoq PriceTracker

Wheaton Precious Metals (WPM) is down 5.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broad pullback in precious metals rather than a new company-specific setback. This could be because Wheaton’s revenue is heavily tied to gold and silver prices, and both metals weakened today while the stock was already trading near levels where some analysts had become more cautious on valuation.

Details:

  • Recent company disclosures showed strong momentum, including record year-to-date production, revenue, earnings, and cash flow in the second quarter of 2026, which makes a fresh operational disappointment less obvious as the cause of today’s selloff.
  • Management has also kept its 2026 production outlook in place, with attributable production guidance unchanged from prior expectations.
  • Today’s metals market action was negative, with spot gold and silver both falling and silver dropping more sharply, which matters because Wheaton’s streaming model is highly exposed to realized precious-metals prices.
  • Investor sentiment may also have been pressured by valuation concerns after a recent analyst target cut to $150 from $165, suggesting some on the Street saw more limited upside after the stock’s run.

    • Sources:

    SEC, Wheaton Precious Metals, TipRanks

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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    $WPM Hedge Fund Activity

    We have seen 409 institutional investors add shares of $WPM stock to their portfolio, and 420 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • FIL LTD added 6,060,560 shares (+191.4%) to their portfolio in Q2 2026, for an estimated $680,722,099
    • CAPITAL WORLD INVESTORS removed 5,459,901 shares (-13.0%) from their portfolio in Q2 2026, for an estimated $613,256,080
    • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 3,885,892 shares (-73.0%) from their portfolio in Q2 2026, for an estimated $436,463,389
    • BLACKROCK, INC. added 3,063,098 shares (+145.0%) to their portfolio in Q2 2026, for an estimated $344,047,167
    • JPMORGAN CHASE & CO added 2,895,041 shares (+inf%) to their portfolio in Q2 2026, for an estimated $325,171,005
    • CAPITAL INTERNATIONAL INVESTORS added 1,980,999 shares (+49.1%) to their portfolio in Q2 2026, for an estimated $222,505,807
    • FMR LLC removed 1,447,213 shares (-9.0%) from their portfolio in Q2 2026, for an estimated $162,550,964

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $WPM Congressional Stock Trading

    Members of Congress have traded $WPM stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $WPM stock by members of Congress over the last 6 months:

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 08/26.
    • REPRESENTATIVE THOMAS H. KEAN, JR. purchased up to $15,000 on 06/04.
    • REPRESENTATIVE BRIAN BABIN sold up to $50,000 on 05/05.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $WPM Price Targets

    Multiple analysts have issued price targets for $WPM recently. We have seen 4 analysts offer price targets for $WPM in the last 6 months, with a median target of $163.5.

    Here are some recent targets:

    • Lawson Winder from B of A Securities set a target price of $145.0 on 07/09/2026
    • Fahad Tariq from Jefferies set a target price of $177.0 on 07/06/2026
    • Daniel Major from UBS set a target price of $150.0 on 06/30/2026
    • Tanya Jakusconek from Scotiabank set a target price of $180.0 on 05/14/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.