
Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) – Equities researchers at Scotiabank increased their FY2026 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $4.74 per share for the year, up from their prior forecast of $4.48. Scotiabank currently has a “Sector Outperform” rating and a $175.00 target price on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.73 per share. Scotiabank also issued estimates for Wheaton Precious Metals’ FY2027 earnings at $4.56 EPS.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm’s quarterly revenue was up 91.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share.
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Wheaton Precious Metals Trading Up 6.2%
NYSE:WPM opened at $109.87 on Monday. Wheaton Precious Metals has a 1-year low of $90.39 and a 1-year high of $165.76. The firm has a market capitalization of $49.90 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.87 and a beta of 0.55. The business’s 50-day moving average price is $119.08 and its two-hundred day moving average price is $131.89.
Institutional Investors Weigh In On Wheaton Precious Metals
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Wheaton Precious Metals by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock valued at $2,242,969,000 after purchasing an additional 289,939 shares during the period. Van ECK Associates Corp raised its holdings in Wheaton Precious Metals by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after buying an additional 1,402,092 shares during the period. Capital International Investors raised its holdings in Wheaton Precious Metals by 1.2% during the 4th quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock worth $892,650,000 after buying an additional 93,599 shares during the period. Norges Bank acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $864,977,000. Finally, TD Asset Management Inc lifted its stake in Wheaton Precious Metals by 0.5% in the fourth quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock valued at $857,598,000 after buying an additional 33,221 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.
Wheaton Precious Metals Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s payout ratio is presently 19.70%.
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.
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