Wheaton Precious Metals Corp. (TSE:WPM) Receives Consensus Recommendation of “Buy” from Brokerages

Wheaton Precious Metals Corp. (TSE:WPM) has received an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$205.63.

Several equities analysts recently issued reports on WPM shares. TD Securities lifted their price objective on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Stifel Nicolaus lifted their price objective on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. BMO Capital Markets lifted their price objective on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. UBS Group raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Finally, National Bank Financial lifted their price objective on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an “outperform” rating in a report on Monday, March 16th.

Key Stories Impacting Wheaton Precious Metals

Here are the key news stories impacting Wheaton Precious Metals this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Wheaton Precious Metals to $6.52 from $6.16, signaling stronger expected full-year profitability.
• Positive Sentiment: The firm also increased FY2027 EPS to $6.84 from $6.49, along with higher quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, reinforcing a more bullish outlook for Wheaton Precious Metals Corp. (TSE:WPM).

Insider Transactions at Wheaton Precious Metals

In other news, insider Vincent Chun Yip Lau purchased 225 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of C$176.85 per share, with a total value of C$39,791.25. Following the completion of the acquisition, the insider owned 1,065 shares of the company’s stock, valued at C$188,345.25. This trade represents a 26.79% increase in their ownership of the stock. 0.13% of the stock is currently owned by insiders.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at C$164.74 on Monday. The company has a 50 day moving average price of C$181.70 and a 200-day moving average price of C$182.20. Wheaton Precious Metals has a fifty-two week low of C$117.13 and a fifty-two week high of C$226.68. The company has a market capitalization of C$74.81 billion, a PE ratio of 41.63 and a beta of 1.27.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share for the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. The firm had revenue of C$1.25 billion during the quarter. On average, analysts forecast that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, June 9th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 17.44%.

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.