Zacks Research Issues Positive Estimate for WPM Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at Zacks Research raised their Q4 2026 earnings estimates for shares of Wheaton Precious Metals in a report released on Thursday, August 20th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.19 per share for the quarter, up from their previous forecast of $1.18. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.79 per share.

Other research analysts have also issued research reports about the company. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a research report on Tuesday, July 28th. Bank of America dropped their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Royal Bank Of Canada dropped their target price on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $165.55.

Wheaton Precious Metals Stock Performance

WPM opened at $150.08 on Friday. The business’s 50-day simple moving average is $118.35 and its 200 day simple moving average is $130.29. Wheaton Precious Metals has a 52-week low of $92.57 and a 52-week high of $165.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $68.16 billion, a PE ratio of 33.28, a PEG ratio of 2.61 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.Wheaton Precious Metals’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is presently 17.29%.

Hedge Funds Weigh In On Wheaton Precious Metals

Large investors have recently made changes to their positions in the company. Norges Bank bought a new position in Wheaton Precious Metals during the 4th quarter worth $864,977,000. BlackRock Inc. bought a new stake in shares of Wheaton Precious Metals in the second quarter valued at about $581,250,000. Canada Pension Plan Investment Board bought a new stake in shares of Wheaton Precious Metals in the second quarter valued at about $351,708,000. Bank of America Corp DE acquired a new position in shares of Wheaton Precious Metals in the second quarter valued at about $328,309,000. Finally, Legal & General Group Plc bought a new position in Wheaton Precious Metals during the second quarter worth about $320,838,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Company Profile

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.