Zacks Research Issues Negative Forecast for WPM Earnings

Key Points

• Zacks Research lowered several Wheaton Precious Metals earnings forecasts, including Q3 EPS to $0.95 from $1.00, FY2027 EPS to $4.28 from $4.38, and FY2028 EPS to $6.80 from $6.96.
• Despite the downward revisions, analysts remain broadly positive: WPM has a “Moderate Buy” consensus rating from 11 analysts and an average price target of $172.11.
• Wheaton recently reported quarterly EPS of $1.19, exceeding estimates, while revenue rose 84.7% year over year. Institutional investors own 70.34% of the stock, and the company pays an annualized dividend of $0.78 per share.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities researchers at Zacks Research decreased their Q3 2027 EPS estimates for Wheaton Precious Metals in a report released on Tuesday, October 27th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.95 per share for the quarter, down from their prior estimate of $1.00. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $4.61 per share. Zacks Research also issued estimates for Wheaton Precious Metals' FY2027 earnings at $4.28 EPS, Q1 2028 earnings at $1.54 EPS, Q2 2028 earnings at $1.70 EPS, Q3 2028 earnings at $1.67 EPS and FY2028 earnings at $6.80 EPS.

A number of other brokerages have also commented on WPM. Jefferies Financial Group reduced their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Weiss Ratings lowered Wheaton Precious Metals from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 23rd. UBS Group boosted their price target on Wheaton Precious Metals from $153.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, October 8th. Bank of America dropped their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a report on Tuesday, July 28th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.11.

Wheaton Precious Metals Trading Up 0.4%

Shares of WPM opened at $126.47 on Thursday. Wheaton Precious Metals has a 1-year low of $94.28 and a 1-year high of $165.76. The company has a 50-day moving average of $142.93 and a 200 day moving average of $134.00. The firm has a market capitalization of $57.44 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 2.35 and a beta of 0.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.04. The firm 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 business's revenue for the quarter was up 84.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share.

Institutional Investors Weigh In On Wheaton Precious Metals

Large investors have recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in shares of Wheaton Precious Metals by 0.5% during the second quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company's stock valued at $1,619,480,000 after buying an additional 78,618 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at $581,250,000. The Manufacturers Life Insurance Company raised its stake in Wheaton Precious Metals by 3.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company's stock worth $376,387,000 after acquiring an additional 92,435 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Wheaton Precious Metals in the 2nd quarter worth $351,708,000. Finally, Amundi raised its stake in Wheaton Precious Metals by 3.2% in the 1st quarter. Amundi now owns 2,531,060 shares of the company's stock worth $331,594,000 after acquiring an additional 77,903 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders 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 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals's dividend payout ratio (DPR) is 17.29%.

Key Headlines Impacting Wheaton Precious Metals

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

• Positive Sentiment: Zacks raised its estimates for Q2 2027 EPS to $1.13 from $1.12 and Q4 2027 EPS to $1.09 from $1.06. These increases provide a limited positive offset to the broader estimate reductions.
• Neutral Sentiment: Zacks maintained a current full-year consensus EPS reference of $4.61, while projecting FY2027 EPS of $4.28 and FY2028 EPS of $6.80. The estimates imply longer-term earnings growth, but the revisions indicate some uncertainty around the pace and timing of that growth.
• Neutral Sentiment: A Seeking Alpha analysis argues that Wheaton’s stable, royalty-and-streaming business structure may be less favored during the current precious-metals sector cycle. The article highlights the potential for sector rotation and changing commodity-market conditions to affect investor interest. Wheaton Precious Metals' Stable Structure Is Not Favored By The Sector's Cycle
• Negative Sentiment: Zacks lowered several forecasts: Q3 2026 EPS to $0.95 from $1.00, FY2026 EPS to $4.59 from $4.66, Q1 2027 EPS to $1.11 from $1.19, and FY2027 EPS to $4.28 from $4.38.
• Negative Sentiment: For 2028, estimates were also reduced: Q1 EPS to $1.54 from $1.70, Q2 EPS to $1.70 from $1.71, Q3 EPS to $1.67 from $1.71, and FY2028 EPS to $6.80 from $6.96. The repeated downward revisions likely contributed to the stock’s decrease by raising concerns about earnings expectations and valuation.

About Wheaton Precious Metals

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.

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