Wheaton Precious Metals slides as gold and silver prices retreat on higher yields and a stronger dollar

Wheaton Precious Metals (WPM) is down 7.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears most consistent with a broad selloff in precious metals, with gold and especially silver falling sharply amid higher U.S. yields and a firmer dollar. With Wheaton’s cash flows and valuation closely tied to realized metal prices, a steep one-day move in bullion can translate into an outsized move in the stock.

Details:

Gold fell more than 2% and silver fell over 6% in the same session, a backdrop that typically pressures royalty/streaming names that are geared to spot pricing.

Macro drivers cited for the bullion decline included rising Treasury yields and a stronger U.S. dollar, both of which can reduce investor appetite for non-yielding assets like gold.

In its recent Q1 2026 earnings call, Wheaton highlighted record results and reaffirmed 2026 attributable production guidance of 860,000–940,000 gold-equivalent ounces, but it also discussed higher net debt following the large Antamina stream financing—potentially amplifying sensitivity to risk-off moves.

This could also be profit-taking after a strong run-up tied to elevated 2026 metal price assumptions and a bullish long-term production outlook previously communicated by the company.

Sources:

MarketScreener, U.S. SEC (EDGAR), The Motley Fool

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

$WPM Hedge Fund Activity

We have seen 398 institutional investors add shares of $WPM stock to their portfolio, and 381 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 4,775,594 shares (+12.8%) to their portfolio in Q1 2026, for an estimated $625,650,569
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 4,047,228 shares (+58.2%) to their portfolio in Q4 2025, for an estimated $475,630,234
CAPITAL INTERNATIONAL INVESTORS removed 3,564,956 shares (-46.9%) from their portfolio in Q1 2026, for an estimated $467,044,885
ROYAL BANK OF CANADA removed 1,551,646 shares (-15.3%) from their portfolio in Q4 2025, for an estimated $182,349,437
BANK OF MONTREAL /CAN/ added 1,535,203 shares (+21.7%) to their portfolio in Q1 2026, for an estimated $201,126,945
FMR LLC removed 1,390,287 shares (-7.9%) from their portfolio in Q1 2026, for an estimated $182,141,499
1832 ASSET MANAGEMENT L.P. added 1,366,695 shares (+342.1%) to their portfolio in Q1 2026, for an estimated $179,050,711

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, 2 have been purchases and 0 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. has traded it 2 times. They made 2 purchases worth up to $65,000 on 01/27, 11/18 and 0 sales.

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 Analyst Ratings

Wall Street analysts have issued reports on $WPM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

RBC Capital issued a "Outperform" rating on 12/10/2025

To track analyst ratings and price targets for $WPM, check out Quiver Quantitative's $WPM forecast page.

$WPM Price Targets

Multiple analysts have issued price targets for $WPM recently. We have seen 5 analysts offer price targets for $WPM in the last 6 months, with a median target of $165.0.

Here are some recent targets:

Tanya Jakusconek from Scotiabank set a target price of $180.0 on 05/14/2026
Daniel Major from UBS set a target price of $160.0 on 03/27/2026
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
Josh Wolfson from RBC Capital set a target price of $130.0 on 12/10/2025

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.