Zacks Research Upgrades Wheaton Precious Metals (NYSE:WPM) to “Strong-Buy”

Wheaton Precious Metals (NYSE:WPM) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released 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.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday, December 29th. Scotiabank restated an “outperform” rating and issued a $175.00 target price on shares of Wheaton Precious Metals in a research note on Monday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Bank of America increased 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, Royal Bank Of Canada upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $130.00 in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Buy” and an average target price of $136.00.

Wheaton Precious Metals Trading Up 4.6%

Shares of NYSE:WPM opened at $156.29 on Tuesday. The company has a market capitalization of $70.96 billion, a PE ratio of 71.04, a P/E/G ratio of 1.37 and a beta of 0.52. Wheaton Precious Metals has a 12-month low of $60.15 and a 12-month high of $156.36. The business’s fifty day simple moving average is $121.06 and its 200-day simple moving average is $107.63.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Focus Financial Network Inc. increased its holdings in Wheaton Precious Metals by 2.5% in the 4th quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock worth $388,000 after buying an additional 81 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in shares of Wheaton Precious Metals by 1.7% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company’s stock valued at $632,000 after acquiring an additional 92 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of Wheaton Precious Metals by 3.9% in the 4th quarter. Capital Investment Advisors LLC now owns 2,460 shares of the company’s stock valued at $289,000 after acquiring an additional 93 shares during the last quarter. Pacifica Partners Inc. increased its stake in shares of Wheaton Precious Metals by 27.8% in the third quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock worth $51,000 after acquiring an additional 100 shares during the period. Finally, Atlas Wealth Partners LLC raised its holdings in shares of Wheaton Precious Metals by 0.5% during the fourth quarter. Atlas Wealth Partners LLC now owns 22,096 shares of the company’s stock worth $2,597,000 after purchasing an additional 100 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

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.