Wheaton Precious Metals Corp. (NYSE:WPM) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Wheaton Precious Metals a “Moderate Buy”: Ten of 11 analysts recommend buying the stock, with one holding it, and the average 12-month price target is $172.11.
• Recent financial results were strong: Quarterly EPS came in at $1.19, above the $1.15 consensus estimate, while revenue rose 84.7% year over year to $878 million. The company also declared a $0.195 quarterly dividend, equivalent to a 0.7% yield.
• Outlook remains mixed: Higher gold prices and potential deal capacity of roughly $4 billion could support future growth, but Zacks lowered several longer-term EPS forecasts and questioned the likelihood of an imminent earnings beat.

Shares of Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $172.11.

WPM has been the subject of several recent analyst reports. Bank of America lowered their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Weiss Ratings cut Wheaton Precious Metals from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. Royal Bank Of Canada raised their target price on Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group lowered their price target on Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating on the stock in a report on Monday, July 6th.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $116.20 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $52.78 billion, a P/E ratio of 25.77, a P/E/G ratio of 2.27 and a beta of 0.56. Wheaton Precious Metals has a 1 year low of $94.28 and a 1 year high of $165.76. The company's 50-day moving average is $141.76 and its 200 day moving average is $133.93.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The company's revenue for the quarter was up 84.7% compared to the same quarter last year. On average, sell-side analysts expect that Wheaton Precious Metals will post 4.60 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a $0.1950 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals's dividend payout ratio is presently 17.29%.

Key Stories Impacting Wheaton Precious Metals

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

• Positive Sentiment: Gold prices above US$4,000 may support Wheaton’s streaming business and cash generation. One analysis argues that the recent weakness in WPM shares could present a valuation opportunity for investors seeking precious-metals exposure. Gold Prices Are High While the Share Price Is Low, Making Now the Time to Re-examine Wheaton
• Positive Sentiment: Wheaton’s CEO reportedly sees approximately US$4 billion of capacity for potential deals, which could expand the company’s portfolio and future production if attractive streaming opportunities are completed. Wheaton Precious Metals stock: CEO sees USD 4 billion for deals
• Neutral Sentiment: Analysts expect earnings to grow ahead of next week’s report, but Zacks says WPM lacks the combination of factors that typically supports a likely earnings beat, raising uncertainty around the near-term catalyst. Wheaton Precious Metals earnings expectations
• Negative Sentiment: Zacks Research lowered multiple EPS forecasts, including Q3 2027 to $0.95 from $1.00, FY2027 to $4.28 from $4.38, Q1 2028 to $1.54 from $1.70, and FY2028 to $6.80 from $6.96. The revisions indicate softer expectations for longer-term earnings growth and likely contribute to the stock’s decline. Zacks Research Issues Negative Outlook for WPM Earnings

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in shares of Wheaton Precious Metals by 245.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company's stock valued at $29,000 after purchasing an additional 162 shares during the period. Hollencrest Capital Management boosted its stake in Wheaton Precious Metals by 73.5% in the first quarter. Hollencrest Capital Management now owns 236 shares of the company's stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in Wheaton Precious Metals during the 3rd quarter valued at about $34,000. Latitude Advisors LLC acquired a new position in Wheaton Precious Metals in the third quarter valued at about $37,000. Finally, Root Financial Partners LLC bought a new position in shares of Wheaton Precious Metals during the third quarter worth about $38,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.