Wheaton Precious Metals (NYSE:WPM) Upgraded at Zacks Research

Wheaton Precious Metals (NYSE:WPM) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $3.01 EPS and Q1 2027 earnings at $0.72 EPS.

A number of other research firms have also recently weighed in on WPM. UBS Group lifted their price objective on shares of Wheaton Precious Metals from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, December 1st. Scotiabank restated an “outperform” rating and issued a $175.00 price target on shares of Wheaton Precious Metals in a research note on Monday. Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $115.00 to $130.00 in a report on Wednesday, December 10th. Bank of America raised their price objective on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $136.00.

Wheaton Precious Metals Trading Up 4.6%

Shares of NYSE:WPM opened at $156.29 on Tuesday. Wheaton Precious Metals has a 12-month low of $60.15 and a 12-month high of $156.36. The business has a 50 day moving average of $121.06 and a two-hundred day moving average of $107.63. The company has a market capitalization of $70.96 billion, a PE ratio of 71.04, a PEG ratio of 1.37 and a beta of 0.52.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The firm had revenue of $476.26 million during the quarter, compared to analyst estimates of $495.53 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 54.5% on a year-over-year basis. Equities research analysts predict that Wheaton Precious Metals will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPM. Vanguard Group Inc. raised its position in shares of Wheaton Precious Metals by 1.3% in the third quarter. Vanguard Group Inc. now owns 18,789,090 shares of the company’s stock valued at $2,102,611,000 after buying an additional 234,439 shares during the last quarter. Norges Bank purchased a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $656,463,000. TD Asset Management Inc boosted its holdings in shares of Wheaton Precious Metals by 3.5% during the 3rd quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock worth $811,726,000 after purchasing an additional 244,027 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Wheaton Precious Metals by 36.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock worth $777,938,000 after purchasing an additional 1,847,977 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Wheaton Precious Metals by 26.1% in the third quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock valued at $722,270,000 after purchasing an additional 1,335,588 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.