Zacks Research Analysts Boost Earnings Estimates for WPM

Wheaton Precious Metals Corp. (NYSE:WPM) – Investment analysts at Zacks Research raised their Q2 2027 EPS estimates for Wheaton Precious Metals in a research note issued on Thursday, September 24th. Zacks Research analyst Team now forecasts that the company will earn $1.12 per share for the quarter, up from their previous forecast of $1.10. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q3 2027 earnings at $1.00 EPS, Q4 2027 earnings at $1.06 EPS, FY2027 earnings at $4.38 EPS, Q1 2028 earnings at $1.70 EPS, Q2 2028 earnings at $1.71 EPS and FY2028 earnings at $6.96 EPS.

Several other analysts have also commented on WPM. Jefferies Financial Group decreased their price target on 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. Royal Bank Of Canada increased their price objective on Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a report on Tuesday, July 28th. UBS Group reduced their target price on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Bank of America lowered their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $166.00.

Wheaton Precious Metals Trading Down 5.3%

Shares of WPM opened at $135.35 on Monday. Wheaton Precious Metals has a 1 year low of $92.57 and a 1 year high of $165.76. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $138.83 and a 200-day simple moving average of $131.08. The stock has a market cap of $61.47 billion, a PE ratio of 30.01, a PEG ratio of 2.53 and a beta of 0.60.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The company’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 earnings per share.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of WPM. Norges Bank bought a new position in shares of Wheaton Precious Metals in the fourth quarter valued at about $864,977,000. BlackRock Inc. bought a new stake in Wheaton Precious Metals during the 2nd quarter worth about $581,250,000. Canada Pension Plan Investment Board bought a new stake in Wheaton Precious Metals during the 2nd quarter worth about $351,708,000. Bank of America Corp DE acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $328,309,000. Finally, Legal & General Group Plc acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $320,838,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Wheaton Precious Metals’s payout ratio is presently 17.29%.

Wheaton Precious Metals Company Profile

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

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.