Scotiabank Has Negative Opinion of TSE:WPM FY2027 Earnings

Key Points

• Scotiabank slightly lowered its FY2027 EPS forecast for Wheaton Precious Metals to C$6.39 from C$6.41.
• Analyst sentiment remains positive overall: MarketBeat reports a consensus “Buy” rating and a C$203.86 target price, despite mixed individual target changes.
• Wheaton reported quarterly EPS of C$1.69 and revenue of C$1.32 billion, and pays an annualized dividend of C$0.78 per share, yielding about 0.4%.

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Equities research analysts at Scotiabank cut their FY2027 EPS estimates for shares of Wheaton Precious Metals in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $6.39 per share for the year, down from their previous estimate of $6.41. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share.

Several other brokerages have also commented on WPM. Peel Hunt decreased their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. National Bank Financial raised their price objective on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$203.86.

Wheaton Precious Metals Stock Up 11.7%

WPM stock opened at C$183.73 on Thursday. The business has a fifty day moving average of C$195.77 and a two-hundred day moving average of C$185.64. The stock has a market cap of C$83.44 billion, a price-to-earnings ratio of 40.76 and a beta of 1.70. Wheaton Precious Metals has a 52-week low of C$135.20 and a 52-week high of C$226.68.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 earnings per share for the quarter. The company had revenue of C$1.32 billion during the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were paid a dividend of $0.1950 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.4%. Wheaton Precious Metals's dividend payout ratio is presently 15.97%.

Insider Buying and Selling

In other news, insider Nikola Tatarkin sold 3,733 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total value of C$705,537.00. Following the completion of the transaction, the insider owned 30,756 shares of the company's stock, valued at approximately C$5,812,884. This trade represents a 10.82% decrease in their ownership of the stock. 0.13% of the stock is owned by company insiders.

About Wheaton Precious Metals

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.

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