Zacks Research Issues Optimistic Forecast for WPM Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities researchers at Zacks Research increased their Q1 2028 earnings estimates for shares of Wheaton Precious Metals in a report issued on Thursday, May 21st. Zacks Research analyst Team now anticipates that the company will post earnings of $0.87 per share for the quarter, up from their previous forecast of $0.79. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.87 per share.

A number of other analysts also recently weighed in on WPM. TD Securities boosted their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. UBS Group upgraded shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, March 27th. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price on the stock. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Thirteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Stock Up 0.2%

Wheaton Precious Metals stock opened at $127.39 on Friday. The company’s 50-day moving average price is $134.95 and its 200-day moving average price is $129.50. Wheaton Precious Metals has a twelve month low of $84.05 and a twelve month high of $165.76. The company has a market cap of $57.85 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.46 and a beta of 0.50.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. During the same period in the previous year, the firm posted $0.55 EPS. The business’s quarterly revenue was up 91.7% on a year-over-year basis.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is 19.70%.

Institutional Trading of Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Wheaton Precious Metals by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock worth $2,242,969,000 after purchasing an additional 289,939 shares during the period. Van ECK Associates Corp raised its position in Wheaton Precious Metals by 10.7% in the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after purchasing an additional 1,402,092 shares during the period. Capital International Investors raised its position in Wheaton Precious Metals by 1.2% in the 4th quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock worth $892,650,000 after purchasing an additional 93,599 shares during the period. Norges Bank purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $864,977,000. Finally, TD Asset Management Inc raised its position in Wheaton Precious Metals by 0.5% in the 4th quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after purchasing an additional 33,221 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

About Wheaton Precious Metals

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.