Raymond James Financial Forecasts Strong Price Appreciation for Wheaton Precious Metals (NYSE:WPM) Stock

Key Points

• Raymond James Financial increased its target price for Wheaton Precious Metals from $112.00 to $114.00, suggesting a potential upside of 6.27% from its current price.
• The company's latest quarterly earnings showed a significant year-over-year revenue increase of 68.2%, reporting $503.22 million against an expected $424.23 million.
• Wheaton Precious Metals maintains a consensus rating of "Moderate Buy" from analysts, with one Strong Buy, eight Buys, and three Holds already noted.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) had its target price boosted by stock analysts at Raymond James Financial from $112.00 to $114.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's target price points to a potential upside of 6.27% from the stock's current price. Raymond James Financial also issued estimates for Wheaton Precious Metals' Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.59 EPS, Q2 2026 earnings at $0.61 EPS, Q3 2026 earnings at $0.61 EPS, Q4 2026 earnings at $0.63 EPS and FY2026 earnings at $2.43 EPS.

WPM has been the subject of several other research reports. Scotiabank upped their price target on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 12th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and an average price target of $100.00.

Wheaton Precious Metals Trading Up 1.7%

WPM stock opened at $107.27 on Friday. The company's 50 day moving average is $95.58 and its two-hundred day moving average is $86.18. Wheaton Precious Metals has a twelve month low of $55.47 and a twelve month high of $107.37. The stock has a market cap of $48.70 billion, a P/E ratio of 62.01, a PEG ratio of 2.90 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Wheaton Precious Metals's revenue for the quarter was up 68.2% on a year-over-year basis. On average, equities research analysts predict that Wheaton Precious Metals will post 1.46 earnings per share for the current year.

Institutional Investors Weigh In On Wheaton Precious Metals

Several institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $267,000. Newbridge Financial Services Group Inc. boosted its position in shares of Wheaton Precious Metals by 287.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,672 shares of the company's stock worth $150,000 after purchasing an additional 1,240 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Wheaton Precious Metals by 35.5% during the 2nd quarter. Advisory Services Network LLC now owns 30,834 shares of the company's stock worth $2,822,000 after purchasing an additional 8,075 shares in the last quarter. State of Wyoming purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $782,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth about $25,952,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

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.

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