Edison Inv. Res Analysts Decrease Earnings Estimates for WPM

Key Points

• Edison Investment Research lowered its FY2027 EPS estimate for Wheaton Precious Metals to $3.28 from $3.35, below the broader full-year consensus estimate of $4.76.
• Wheaton reported a quarterly EPS beat of $1.19 versus the $1.15 consensus, while revenue rose 84.7% year over year to $878 million. The company posted a 64.66% net margin and 22.61% return on equity.
• Analysts remain broadly positive, with 12 Buy ratings and one Hold, producing a “Moderate Buy” consensus and an average price target of $165.55. Wheaton also declared a quarterly dividend of $0.195 per share, implying a 0.6% yield.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Investment analysts at Edison Inv. Res reduced their FY2027 EPS estimates for Wheaton Precious Metals in a research report issued to clients and investors on Friday, August 7th. Edison Inv. Res analyst L. Ashbourne now forecasts that the company will earn $3.28 per share for the year, down from their previous forecast of $3.35. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $4.76 per share.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share 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 22.61%. The business had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. During the same period last year, the business earned $0.63 EPS. The business's revenue was up 84.7% on a year-over-year basis.

A number of other brokerages have also commented on WPM. Scotiabank cut their target price on Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating for the company in a research note on Tuesday, July 14th. Jefferies Financial Group lowered their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating on the stock in a report on Monday, July 6th. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Bank of America reduced their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.55.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $133.47 on Tuesday. The firm has a market capitalization of $60.62 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 2.41 and a beta of 0.55. The company has a 50 day simple moving average of $115.25 and a 200-day simple moving average of $130.74. Wheaton Precious Metals has a 52-week low of $90.94 and a 52-week high of $165.76.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals's payout ratio is currently 17.29%.

Institutional Trading of Wheaton Precious Metals

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in shares of Wheaton Precious Metals in the first quarter valued at approximately $331,000. Focus Partners Wealth raised its holdings in Wheaton Precious Metals by 10.7% in the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company's stock valued at $871,000 after acquiring an additional 1,081 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Wheaton Precious Metals during the first quarter worth approximately $209,000. Sivia Capital Partners LLC bought a new position in shares of Wheaton Precious Metals during the second quarter worth approximately $239,000. Finally, Rhumbline Advisers boosted its stake in Wheaton Precious Metals by 28.3% in the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company's stock valued at $265,000 after purchasing an additional 652 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Company Profile

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.

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