Scotiabank Has Bullish Forecast for WPM FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for Wheaton Precious Metals to $4.74 from $4.48 and kept a Sector Outperform rating with a $175 price target. The firm also projected FY2027 EPS of $4.56.
• Analyst sentiment remains broadly positive, with 12 Buy ratings and 1 Hold across Wall Street. MarketBeat reports a consensus rating of Moderate Buy and an average price target of $161.09.
• Wheaton Precious Metals recently beat quarterly expectations, reporting $1.28 EPS on revenue of $901.47 million, both above estimates. The company also paid a quarterly dividend of $0.195, equal to a 0.7% annualized yield.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities research analysts at Scotiabank increased their FY2026 EPS estimates for shares of Wheaton Precious Metals in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $4.74 per share for the year, up from their prior forecast of $4.48. Scotiabank has a "Sector Outperform" rating and a $175.00 price objective on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $4.82 per share. Scotiabank also issued estimates for Wheaton Precious Metals' FY2027 earnings at $4.56 EPS.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They set an "outperform" rating and a $240.00 price target for the company. Bank of America reduced their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group decreased their price objective on Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada decreased their price objective on Wheaton Precious Metals from $165.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded Wheaton Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $161.09.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $104.16 on Monday. The firm has a market capitalization of $47.30 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. Wheaton Precious Metals has a 52-week low of $87.96 and a 52-week high of $165.76. The firm has a fifty day moving average of $120.54 and a 200 day moving average of $132.05.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm had revenue of $901.47 million for the quarter, compared to analysts' expectations of $868.35 million. During the same quarter last year, the company posted $0.55 EPS. The business's quarterly revenue was up 91.7% on a year-over-year basis.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a yield of 0.7%. Wheaton Precious Metals's payout ratio is currently 19.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WPM. LBP AM SA raised its stake in Wheaton Precious Metals by 632.2% during the fourth quarter. LBP AM SA now owns 119,855 shares of the company's stock valued at $14,085,000 after buying an additional 103,485 shares during the last quarter. Moody Lynn & Lieberson LLC purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $2,052,000. Exchange Traded Concepts LLC grew its stake in shares of Wheaton Precious Metals by 16.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 216,652 shares of the company's stock worth $25,461,000 after acquiring an additional 30,725 shares during the last quarter. J. Safra Sarasin Holding AG increased its holdings in shares of Wheaton Precious Metals by 40.5% during the fourth quarter. J. Safra Sarasin Holding AG now owns 96,214 shares of the company's stock valued at $11,308,000 after acquiring an additional 27,729 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its holdings in shares of Wheaton Precious Metals by 12.0% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 75,180 shares of the company's stock valued at $8,835,000 after acquiring an additional 8,068 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

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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