Zacks Research Issues Optimistic Outlook for WPM Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities researchers at Zacks Research increased their Q3 2028 EPS estimates for Wheaton Precious Metals in a note issued to investors on Thursday, September 24th. Zacks Research analyst Team now expects that the company will post earnings of $1.71 per share for the quarter, up from their prior forecast of $1.17. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.79 per share.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. During the same period in the previous year, the firm earned $0.63 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 84.7% on a year-over-year basis.

A number of other brokerages have also recently weighed in on WPM. Weiss Ratings raised shares of Wheaton Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Royal Bank Of Canada raised their price objective on Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Jefferies Financial Group reduced their price objective 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. Bank of America decreased their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Berenberg Bank set a $157.00 target price on Wheaton Precious Metals in a research note on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.00.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $133.29 on Friday. The company’s fifty day simple moving average is $140.24 and its 200-day simple moving average is $130.85. Wheaton Precious Metals has a 52 week low of $92.57 and a 52 week 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 company has a market cap of $60.54 billion, a PE ratio of 29.55, a P/E/G ratio of 2.37 and a beta of 0.54.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of large investors have recently added to or reduced their stakes in the company. Stack Financial Management Inc acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter worth approximately $30,118,000. Pecaut & CO. bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $1,297,000. Euro Pacific Asset Management LLC raised its position in shares of Wheaton Precious Metals by 3.0% during the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company’s stock valued at $37,895,000 after acquiring an additional 8,455 shares in the last quarter. McAlvany Wealth Management LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at approximately $4,151,000. Finally, Bank of Nova Scotia lifted its stake in Wheaton Precious Metals by 19.3% during the first quarter. Bank of Nova Scotia now owns 1,135,457 shares of the company’s stock worth $149,006,000 after purchasing an additional 183,580 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Dividend Announcement

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