WPM FY2026 EPS Forecast Decreased by Raymond James Financial

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Raymond James Financial lowered their FY2026 earnings estimates for Wheaton Precious Metals in a note issued to investors on Monday, July 14th. Raymond James Financial analyst B. Macarthur now forecasts that the company will earn $2.28 per share for the year, down from their prior estimate of $2.30. Raymond James Financial currently has a "Outperform" rating and a $90.00 target price on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.46 per share.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The company had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. During the same period in the prior year, the business earned $0.36 EPS. The firm's quarterly revenue was up 58.4% on a year-over-year basis.

Several other equities analysts have also weighed in on the stock. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Berenberg Bank upped their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada increased their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Scotiabank increased their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. Finally, CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average target price of $93.00.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded down $1.45 during midday trading on Thursday, hitting $89.05. 1,671,314 shares of the company's stock were exchanged, compared to its average volume of 1,720,493. Wheaton Precious Metals has a 12 month low of $53.05 and a 12 month high of $95.23. The firm has a 50-day moving average of $87.88 and a two-hundred day moving average of $76.54. The company has a market cap of $40.42 billion, a PE ratio of 65.48, a P/E/G ratio of 2.60 and a beta of 0.46.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Investment Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 2nd quarter worth $207,000. HB Wealth Management LLC raised its stake in Wheaton Precious Metals by 3.2% in the 2nd quarter. HB Wealth Management LLC now owns 5,068 shares of the company's stock valued at $455,000 after purchasing an additional 156 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Wheaton Precious Metals by 13.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 46,510 shares of the company's stock valued at $4,177,000 after purchasing an additional 5,467 shares during the last quarter. Smith Salley Wealth Management grew its holdings in Wheaton Precious Metals by 21.8% in the 2nd quarter. Smith Salley Wealth Management now owns 3,150 shares of the company's stock valued at $283,000 after buying an additional 564 shares during the period. Finally, SeaBridge Investment Advisors LLC grew its holdings in shares of Wheaton Precious Metals by 3.8% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 64,223 shares of the company's stock worth $5,767,000 after purchasing an additional 2,326 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.