Wheaton Precious Metals (NYSE:WPM) Stock Crosses Above 200 Day Moving Average on Disappointing Earnings

Key Points

• Wheaton’s Q3 results grew sharply year over year—revenue rose 62% and adjusted net earnings increased 46%—but EPS of $0.90 and revenue of $771.7 million both missed analyst expectations.
• Shares traded above their 200-day moving average of $133.73, reaching $136.50 during Friday’s session.
• The company declared a quarterly dividend of $0.195 per share, up 18% from the same payment in 2025, for an indicated annual yield of about 0.6%.

Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday after the company announced better than expected quarterly earnings. The stock has a two hundred day moving average of $133.73 and traded as high as $136.50. Wheaton Precious Metals shares last traded at $136.2010, with a volume of 2,089,341 shares trading hands.

The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.01). The company had revenue of $771.73 million for the quarter, compared to analysts' expectations of $787.10 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a $0.1950 dividend. The ex-dividend date is Thursday, November 19th. 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 currently 17.29%.

More Wheaton Precious Metals News

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

• Positive Sentiment: Q3 revenue rose 62% year over year to about US$772 million, while adjusted net earnings increased 46%. Wheaton also reported record year-to-date production, sales volume, revenue, earnings and cash flow, and said it remains on track to meet annual production guidance. Q3 2026 results
• Positive Sentiment: The company declared a quarterly dividend of US$0.195 per share, an 18% increase from the same 2025 payment. The dividend supports investor returns, though its 0.6% indicated yield is modest. Dividend declaration
• Positive Sentiment: Peel Hunt retained its Buy rating and C$187 price target, citing a better-than-expected quarter. Wheaton also reported growth-project milestones, including first gold pour at Montage Gold’s Koné project and construction approval for Hudbay’s Copper World. Peel Hunt commentary
• Neutral Sentiment: UBS lowered its price target to $155 from $160 but maintained its Buy rating, indicating a modestly more cautious valuation view without a change in its overall recommendation. UBS price target update
• Negative Sentiment: Despite strong growth from a year earlier, Q3 EPS of $0.90 and revenue of $771.7 million fell short of consensus estimates of $0.91 and $787.1 million, respectively. Scotiabank also cut its 2026 EPS forecast to $4.65 from $4.83, although it kept a Sector Outperform rating and $175 target. Q3 estimate miss

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WPM shares. Raymond James Financial restated an "outperform" rating and issued a $180.00 target price on shares of Wheaton Precious Metals in a research note on Friday. Berenberg Bank reaffirmed a "buy" rating and set a $157.00 target price (down from $160.00) on shares of Wheaton Precious Metals in a research report on Thursday, September 17th. UBS Group lifted their target price on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, October 8th. Bank of America cut 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. Finally, Scotiabank lowered 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. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and an average target price of $167.90.

Institutional Trading of Wheaton Precious Metals

Institutional investors and hedge funds have recently made changes to their positions in the business. Stack Financial Management Inc bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at $30,118,000. Pecaut & CO. bought a new stake in Wheaton Precious Metals in the second quarter worth about $1,297,000. Cidel Asset Management Inc. boosted its stake in Wheaton Precious Metals by 7,896.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 137,538 shares of the company's stock worth $15,466,000 after purchasing an additional 135,818 shares during the period. Euro Pacific Asset Management LLC raised its holdings in shares of Wheaton Precious Metals by 3.0% during the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company's stock valued at $37,895,000 after buying an additional 8,455 shares in the last quarter. Finally, Groupe la Francaise lifted its holdings in Wheaton Precious Metals by 9.7% in the 2nd quarter. Groupe la Francaise now owns 305,000 shares of the company's stock worth $34,324,000 after buying an additional 26,975 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The business has a 50-day moving average price of $138.57 and a 200 day moving average price of $133.73. The stock has a market capitalization of $61.86 billion, a P/E ratio of 29.61, a PEG ratio of 2.33 and a beta of 0.56.

About Wheaton Precious Metals

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt.

Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.

The company was founded as Silver Wheaton in 2004 and adopted the Wheaton Precious Metals name in 2017.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.