Scotiabank Has Bearish Forecast for WPM FY2026 Earnings

Key Points

• Scotiabank trimmed its FY2026 EPS forecast for Wheaton Precious Metals to $4.64 (from $4.67) and kept a "Sector Outperform" rating with a $178 price target, versus the consensus FY EPS of $4.84.
• The stock still enjoys broad analyst support (13 Buys, 1 Hold) with a consensus price target of $155.45, though individual targets vary widely (up to $240), while WPM trades around $136.51.
• Recent results showed strength—Q4 EPS of $1.22 beat estimates and revenue of $864.7M topped forecasts—and the company raised its quarterly dividend to $0.195 (annualized $0.78, ~0.6% yield).

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Scotiabank lowered their FY2026 earnings per share estimates for shares of Wheaton Precious Metals in a research report issued on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $4.64 per share for the year, down from their prior estimate of $4.67. Scotiabank currently has a "Sector Outperform" rating and a $178.00 target price on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $4.84 per share.

Several other research firms have also weighed in on WPM. Wall Street Zen lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 28th. TD Cowen lifted their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 16th. Weiss Ratings restated a "buy (b)" rating on shares of Wheaton Precious Metals in a research report on Monday, December 29th. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research note on Thursday, April 9th. They set an "outperform" rating and a $240.00 price objective on the stock. Finally, TD Securities raised their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 16th. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $155.45.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $136.51 on Tuesday. The stock has a market cap of $61.99 billion, a PE ratio of 42.13, a PEG ratio of 2.96 and a beta of 0.60. The business has a fifty day moving average of $141.46 and a two-hundred day moving average of $126.03. Wheaton Precious Metals has a 52-week low of $75.42 and a 52-week high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.91 by $0.31. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The business had revenue of $864.71 million for the quarter, compared to analyst estimates of $719.59 million. During the same quarter in the previous year, the firm earned $0.44 EPS. Wheaton Precious Metals's quarterly revenue was up 127.3% on a year-over-year basis.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the third quarter worth approximately $26,000. Assetmark Inc. increased its holdings in shares of Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company's stock valued at $26,000 after purchasing an additional 130 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Wheaton Precious Metals by 100.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company's stock valued at $27,000 after purchasing an additional 117 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Wheaton Precious Metals in the 4th quarter worth approximately $28,000. Finally, Root Financial Partners LLC bought a new position in Wheaton Precious Metals in the 3rd quarter worth approximately $29,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a dividend of $0.195 per share. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, March 31st. This represents a $0.78 annualized dividend and a yield of 0.6%. Wheaton Precious Metals's dividend payout ratio is currently 24.07%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company's activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

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