WPM Stock Gets Increased EPS Estimate from Zacks Research

Key Points

• Zacks Research raised its Q2 2027 EPS estimate for Wheaton Precious Metals to $1.12, up from $1.10, and projected FY2027 EPS of $4.38 and FY2028 EPS of $6.96.
• Analyst sentiment remains favorable, with 11 Buy ratings and one Hold rating; the stock has a consensus “Moderate Buy” rating and a $166 average price target.
• Wheaton reported quarterly EPS of $1.19, beating estimates of $1.15, while revenue rose 84.7% year over year to $878 million. The company also pays a quarterly dividend of $0.195 per share, yielding about 0.5%.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities research analysts at Zacks Research raised their Q2 2027 EPS estimates for shares of Wheaton Precious Metals in a report released on Thursday, September 24th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.12 for the quarter, up from their prior forecast of $1.10. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Wheaton Precious Metals' Q3 2027 earnings at $1.00 EPS, Q4 2027 earnings at $1.06 EPS, FY2027 earnings at $4.38 EPS, Q1 2028 earnings at $1.70 EPS, Q2 2028 earnings at $1.71 EPS and FY2028 earnings at $6.96 EPS.

Other analysts have also recently issued research reports about the stock. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a research report on Tuesday, July 28th. 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 note on Thursday, July 9th. Jefferies Financial Group lowered their price target on Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating for the company in a report on Monday, July 6th. Weiss Ratings raised Wheaton Precious Metals from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Finally, Royal Bank Of Canada lifted their price objective on Wheaton Precious Metals from $160.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.00.

Wheaton Precious Metals Trading Down 0.0%

Shares of NYSE WPM opened at $142.91 on Monday. The company's fifty day moving average is $138.19 and its 200-day moving average is $131.18. The stock has a market cap of $64.91 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 2.53 and a beta of 0.60. Wheaton Precious Metals has a twelve month low of $92.57 and a twelve month high of $165.76. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20.

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. The firm had revenue of $878.00 million during the quarter, compared to analysts' expectations of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business's revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 17.29%.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of large investors have recently added to or reduced their stakes in WPM. Cornerstone Planning Group LLC lifted its holdings in shares of Wheaton Precious Metals by 245.5% in the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company's stock valued at $29,000 after purchasing an additional 162 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company's stock valued at $27,000 after buying an additional 117 shares during the last quarter. Hollencrest Capital Management raised its position in Wheaton Precious Metals by 73.5% in the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company's stock valued at $31,000 after buying an additional 100 shares during the last quarter. Wellington Altus USA Inc. lifted its stake in Wheaton Precious Metals by 446.7% in the 2nd quarter. Wellington Altus USA Inc. now owns 328 shares of the company's stock valued at $37,000 after acquiring an additional 268 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at approximately $51,000. Institutional investors own 70.34% of the company's stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. NYSE: WPM 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 future production from specific mining projects at predetermined prices.

Wheaton's streaming portfolio is primarily focused on gold and silver, with additional exposure to palladium and cobalt through certain agreements.

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