What is Zacks Research’s Estimate for TSE:WPM Q3 Earnings?

Wheaton Precious Metals Corp. (TSE:WPM) – Analysts at Zacks Research upped their Q3 2028 earnings estimates for shares of Wheaton Precious Metals in a note issued to investors on Thursday, September 24th. Zacks Research analyst Team now expects that the company will earn $2.40 per share for the quarter, up from their previous estimate of $1.62. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 earnings per share for the quarter. The company had revenue of C$1.32 billion for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.

Several other brokerages also recently weighed in on WPM. Peel Hunt cut their target price on Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. National Bank Financial increased their price target on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$203.86.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at C$189.48 on Friday. Wheaton Precious Metals has a 12-month low of C$129.69 and a 12-month high of C$226.68. The firm has a market capitalization of C$86.05 billion, a price-to-earnings ratio of 42.03 and a beta of 1.61. The business has a 50 day simple moving average of C$195.52 and a 200 day simple moving average of C$182.03.

Insider Buying and Selling

In other Wheaton Precious Metals news, insider Nikola Tatarkin sold 3,733 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total value of C$705,537.00. Following the completion of the sale, the insider directly owned 30,756 shares in the company, valued at C$5,812,884. This represents a 10.82% decrease in their ownership of the stock. 0.13% of the stock is currently owned by insiders.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were issued a dividend of $0.1950 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is presently 15.97%.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.