On October 7, Wheaton Precious Metals fell 3.3% in regular trading, trading at $132.53 per share, with turnover of $9.122 million. The decline was driven by the company's latest quarterly results, which missed key market expectations and triggered investor selling.

According to the financial report released after the market close on August 6, second-quarter adjusted earnings per share were $1.19, below the analyst consensus estimate of $1.23, while revenue of $929.2 million also fell short of the expected $947.7 million. Although earnings grew 88.89% year-over-year, the shortfall in core metrics overshadowed the positive growth. Additionally, several investment banks had previously lowered their price targets: Berenberg trimmed its target from $160 to $157, and Bank of America cut its target from $163 to $145, while both maintained a buy rating.

Wheaton Precious Metals Corp. is a precious metals streaming company that enters into purchase agreements with mines worldwide, providing upfront payments in exchange for all or part of the precious metals or cobalt production, with additional payments made upon metal delivery. Revenue primarily comes from the sale of precious metals.