Wheaton Precious Metals Slides as Precious-Metals Trade Cools After Inflation Data

Wheaton Precious Metals (WPM) is down 4.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a sector-wide pullback in precious-metals equities rather than a new company-specific setback. This could be because hotter U.S. inflation data strengthened the dollar and kept interest-rate concerns elevated, pressuring gold and silver prices and weighing on royalty and mining names.

Details:

Gold- and silver-linked funds traded lower on August 26, pointing to weaker sentiment across the precious-metals complex during the session.

Other major precious-metals names, including Newmont, Franco-Nevada, and Agnico Eagle, also moved lower the same day, which supports the view that WPM was caught in a broader industry selloff.

Wheaton’s most recent company update on August 6 was fundamentally strong, with record year-to-date production, revenue, earnings, and cash flow, so today’s decline does not appear tied to a weak quarterly report.

The company also declared its third-quarter 2026 dividend earlier this month, with an August 20 ex-dividend date already behind the market, leaving macro and commodity-price moves as the clearer near-term explanation.

Sources:

SEC, Wheaton Precious Metals, Reuters, OpenAI Finance

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 407 institutional investors add shares of $WPM stock to their portfolio, and 421 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 Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WPM Congressional Stock Trading

Members of Congress have traded $WPM stock 2 times in the past 6 months. Of those trades, 1 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 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 Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$WPM Price Targets

Multiple analysts have issued price targets for $WPM recently. We have seen 6 analysts offer price targets for $WPM in the last 6 months, with a median target of $165.0.

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
Derick Ma from TD Cowen set a target price of $165.0 on 03/16/2026
Greg Barnes from TD Securities set a target price of $165.0 on 03/16/2026

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