WPM Stock Gets Increased EPS Estimate from Zacks Research

Key Points

• Zacks Research raised Wheaton Precious Metals’ Q3 2028 EPS estimate to $1.71 from $1.17; analysts expect full-year earnings of $4.79 per share.
• Analyst sentiment remains positive, with 11 Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $166.
• Wheaton reported quarterly EPS of $1.19, ahead of the $1.15 consensus, while revenue rose 84.7% year over year to $878 million. The company also pays a $0.195 quarterly dividend, equivalent to a 0.6% yield.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities research analysts at Zacks Research increased their Q3 2028 EPS estimates for shares of Wheaton Precious Metals in a research report issued to clients and 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 previous estimate of $1.17. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $4.79 per share.

Other analysts have also issued research reports about the stock. 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. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a research note on Tuesday, July 28th. Jefferies Financial Group decreased their price objective 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. UBS Group lowered their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings raised Wheaton Precious Metals from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 24th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals presently has an average rating of "Moderate Buy" and a consensus price target of $166.00.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $133.29 on Friday. 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 firm 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. The firm has a 50 day simple moving average of $140.24 and a 200-day simple moving average of $130.85. Wheaton Precious Metals has a 1-year low of $92.57 and a 1-year high of $165.76.

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 (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The company had revenue of $878.00 million for 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 firm's revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of hedge funds have recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised 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 worth $29,000 after buying an additional 162 shares during the period. Harvest Fund Management Co. Ltd grew its position in Wheaton Precious Metals by 100.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company's stock valued at $27,000 after acquiring an additional 117 shares during the period. Hollencrest Capital Management grew its position in Wheaton Precious Metals by 73.5% during the first quarter. Hollencrest Capital Management now owns 236 shares of the company's stock valued at $31,000 after acquiring an additional 100 shares during the period. Hickory Point Bank & Trust acquired a new stake in Wheaton Precious Metals during the third quarter worth about $40,000. Finally, Wellington Altus USA Inc. increased its stake in Wheaton Precious Metals by 446.7% during the second quarter. Wellington Altus USA Inc. now owns 328 shares of the company's stock worth $37,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given 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 0.6%. Wheaton Precious Metals's dividend payout ratio is 17.29%.

About Wheaton Precious Metals

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.

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