Zacks Research Issues Negative Estimate for WPM Earnings

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Wheaton Precious Metals to $1.05 from $1.14 and projected full-year 2027 and 2028 EPS of $4.31 and $4.62, respectively.
• Wheaton recently exceeded quarterly earnings expectations, reporting $1.19 EPS versus the $1.15 consensus, while revenue rose 84.7% year over year to $878 million.
• Analyst sentiment remains favorable despite the estimate cuts: 12 analysts rate WPM a Buy and one rates it Hold, producing a “Moderate Buy” consensus and a $165.55 average price target. The company also announced a quarterly dividend of $0.195 per share.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities researchers at Zacks Research decreased their Q3 2026 earnings per share estimates for Wheaton Precious Metals in a note issued to investors on Thursday, August 20th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.05 for the quarter, down from their prior forecast of $1.14. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $4.80 per share. Zacks Research also issued estimates for Wheaton Precious Metals' Q1 2027 earnings at $1.20 EPS, Q2 2027 earnings at $1.10 EPS, Q3 2027 earnings at $0.99 EPS, Q4 2027 earnings at $1.01 EPS, FY2027 earnings at $4.31 EPS, Q1 2028 earnings at $1.19 EPS, Q2 2028 earnings at $1.06 EPS and FY2028 earnings at $4.62 EPS.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.04. The firm had revenue of $878.00 million during the quarter, compared to analysts' expectations of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The company's revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS.

Several other research firms also recently commented on WPM. Royal Bank Of Canada decreased their price target on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Weiss Ratings cut shares of Wheaton Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a research report on Tuesday, July 28th. Bank of America cut their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Finally, Jefferies Financial Group reduced their price objective on Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $165.55.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $157.80 on Monday. The company has a market capitalization of $71.67 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.79 and a beta of 0.55. The business has a 50 day moving average of $119.19 and a 200 day moving average of $130.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. Wheaton Precious Metals has a 1-year low of $92.57 and a 1-year high of $165.76.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its holdings in Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company's stock worth $26,000 after buying an additional 130 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Wheaton Precious Metals by 245.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company's stock worth $29,000 after buying an additional 162 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company's stock worth $27,000 after acquiring an additional 117 shares in the last quarter. Hollencrest Capital Management increased its stake in shares of Wheaton Precious Metals by 73.5% in the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company's stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $28,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 20th. Wheaton Precious Metals's dividend payout ratio is currently 17.29%.

Key Stories Impacting Wheaton Precious Metals

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

• Positive Sentiment: Scotiabank maintained a positive outlook for Wheaton’s fiscal 2026 earnings, providing supportive analyst sentiment. Scotiabank Has Positive Estimate for WPM FY2026 Earnings
• Neutral Sentiment: Analysts published expectations for Wheaton’s fourth-quarter earnings, giving investors an updated benchmark ahead of the company’s results. The broader consensus remains approximately $4.80 in EPS for the current fiscal year. Equities Analysts Set Expectations for WPM Q4 Earnings
• Negative Sentiment: Zacks Research reduced its EPS forecasts across several future periods, including Q3 2026 to $1.05 from $1.14, Q1 2027 to $1.20 from $1.29, and Q2 2027 to $1.10 from $1.13. It also cut Q3 2027 to $0.99 from $1.28 and Q4 2027 to $1.01 from $1.43.
• Negative Sentiment: Zacks lowered its full-year 2027 EPS forecast to $4.31 from $5.13 and its 2028 estimate to $4.62 from $5.27. These reductions point to more conservative expectations for Wheaton’s medium-term earnings growth, despite the company’s recent quarterly EPS beat and 84.7% year-over-year revenue increase.

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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