Why Wheaton Precious Metals (WPM) Stock Is Up Today

Wheaton Precious Metals (WPM) is up 9.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a strong reaction to Wheaton’s latest quarterly results, which showed record year-to-date production, revenue, earnings, and cash flow. The move may also be getting extra support from higher gold and silver prices, which can meaningfully expand margins for Wheaton’s streaming model.

Details:

Wheaton recently posted second-quarter results that included record year-to-date production, revenue, earnings, and operating cash flow, giving investors a clear fundamental catalyst.

Quarterly attributable production rose year over year, helped by the expanded Antamina silver stream and added contributions from growth assets including Hemlo, Fenix, Platreef, and Goose.

The company said its average realized gold equivalent price increased sharply, which is especially important because Wheaton buys metal at fixed contract prices and benefits when market prices rise.

Wheaton also declared its quarterly dividend, which may have reinforced confidence after the earnings release, though the earnings beat appears to be the bigger driver.

Sources:

Wheaton Precious Metals, CME Group, PR Newswire

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 408 institutional investors add shares of $WPM stock to their portfolio, and 419 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.