Wheaton Precious Metals (NYSE:WPM) Shares Cross Above 200-Day Moving Average Following Weak Earnings

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) crossed above its two hundred day moving average during trading on Friday after the company announced better than expected quarterly earnings. The stock has a two hundred day moving average of $133.73 and traded as high as $136.50. Wheaton Precious Metals shares last traded at $136.2010, with a volume of 2,089,341 shares changing hands.

The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%. The business had revenue of $771.73 million for the quarter, compared to the consensus estimate of $787.10 million.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be paid a $0.1950 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.78 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is presently 17.29%.

Key Wheaton Precious Metals News

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

• Positive Sentiment: Q3 revenue rose 62% year over year to about US$772 million, while adjusted net earnings increased 46%. Wheaton also reported record year-to-date production, sales volume, revenue, earnings and cash flow, and said it remains on track to meet annual production guidance. Q3 2026 results
• Positive Sentiment: The company declared a quarterly dividend of US$0.195 per share, an 18% increase from the same 2025 payment. The dividend supports investor returns, though its 0.6% indicated yield is modest. Dividend declaration
• Positive Sentiment: Peel Hunt retained its Buy rating and C$187 price target, citing a better-than-expected quarter. Wheaton also reported growth-project milestones, including first gold pour at Montage Gold’s Koné project and construction approval for Hudbay’s Copper World. Peel Hunt commentary
• Neutral Sentiment: UBS lowered its price target to $155 from $160 but maintained its Buy rating, indicating a modestly more cautious valuation view without a change in its overall recommendation. UBS price target update
• Negative Sentiment: Despite strong growth from a year earlier, Q3 EPS of $0.90 and revenue of $771.7 million fell short of consensus estimates of $0.91 and $787.1 million, respectively. Scotiabank also cut its 2026 EPS forecast to $4.65 from $4.83, although it kept a Sector Outperform rating and $175 target. Q3 estimate miss

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Raymond James Financial reissued an “outperform” rating and issued a $180.00 target price on shares of Wheaton Precious Metals in a research report on Friday. Berenberg Bank reaffirmed a “buy” rating and issued a $157.00 price objective (down from $160.00) on shares of Wheaton Precious Metals in a research report on Thursday, September 17th. UBS Group boosted their price objective on Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Bank of America decreased their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Scotiabank cut their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $167.90.

Institutional Trading of Wheaton Precious Metals

A number of institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. grew its holdings in shares of Wheaton Precious Metals by 4.7% in the 3rd quarter. Moors & Cabot Inc. now owns 9,617 shares of the company’s stock valued at $1,286,000 after acquiring an additional 430 shares in the last quarter. Allworth Financial LP raised its holdings in Wheaton Precious Metals by 4.8% during the third quarter. Allworth Financial LP now owns 7,308 shares of the company’s stock worth $977,000 after buying an additional 336 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Wheaton Precious Metals in the third quarter worth $601,000. Fifth Third Bancorp grew its stake in Wheaton Precious Metals by 42.0% in the 3rd quarter. Fifth Third Bancorp now owns 690 shares of the company’s stock valued at $92,000 after buying an additional 204 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of Wheaton Precious Metals by 0.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 51,752 shares of the company’s stock valued at $6,910,000 after acquiring an additional 424 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 2.8%

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $138.57 and its 200-day simple moving average is $133.73. The firm has a market capitalization of $61.86 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.33 and a beta of 0.56.

About Wheaton Precious Metals

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt.

Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.

The company was founded as Silver Wheaton in 2004 and adopted the Wheaton Precious Metals name in 2017.