Zacks Research Has Negative Estimate for WPM Q3 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities researchers at Zacks Research decreased their Q3 2026 earnings estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Tuesday, October 27th. Zacks Research analyst Team now anticipates that the company will earn $0.95 per share for the quarter, down from their previous forecast of $1.00. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.61 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q4 2026 earnings at $1.17 EPS, FY2026 earnings at $4.59 EPS, Q1 2027 earnings at $1.11 EPS, Q2 2027 earnings at $1.13 EPS and Q4 2027 earnings at $1.09 EPS.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The company had revenue of $878.00 million for the quarter, compared to the consensus estimate of $879.29 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year.

Several other analysts have also weighed in on WPM. UBS Group lifted their price objective on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Berenberg Bank set a $157.00 target price on Wheaton Precious Metals in a research note on Tuesday, July 28th. Bank of America reduced their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group decreased their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Finally, Scotiabank decreased their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $172.11.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $125.99 on Wednesday. Wheaton Precious Metals has a 12-month low of $92.57 and a 12-month high of $165.76. The stock’s 50-day moving average price is $143.05 and its 200 day moving average price is $133.98.

Hedge Funds Weigh In On Wheaton Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of Wheaton Precious Metals by 0.5% during the second quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company’s stock valued at $1,619,480,000 after acquiring an additional 78,618 shares during the period. BlackRock Inc. acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $581,250,000. Canada Pension Plan Investment Board acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $351,708,000. Bank of America Corp DE acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $328,309,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Wheaton Precious Metals by 3.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company’s stock valued at $376,387,000 after purchasing an additional 92,435 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.