Wheaton Precious Metals (WPM) News Today

Wheaton Precious Metals Corp. (TSX: WPM) shares have increased and are trading near their 12-month high, supported by a favorable analyst outlook. However, a broad round of Zacks Research earnings-estimate cuts creates a countervailing risk for investors.

• Positive Sentiment: Scotiabank maintains a positive FY2026 outlook: The bank’s favorable view could support investor confidence in Wheaton’s future earnings and operating performance. Scotiabank Has Positive Outlook of TSE:WPM FY2026 Earnings
• Neutral Sentiment: Shares are showing strong momentum: Wheaton’s stock is well above its 50-day and 200-day moving averages and close to its 12-month high. Trading volume has also exceeded its average, indicating elevated investor interest. The valuation remains demanding, with a price-to-earnings ratio above 48.
• Negative Sentiment: Zacks Research reduced multiple future EPS forecasts: Estimates were lowered for Q3 and Q4 2026, all four quarters of 2027, and the first two quarters of 2028. The most significant revisions include FY2027 EPS falling to $5.95 from $7.23 and FY2028 EPS declining to $6.37 from $7.43. FY2026 EPS was trimmed modestly to $6.51 from $6.64, while Q3 2026 EPS was reduced to $1.45 from $1.61.
• Negative Sentiment: Estimate reductions may temper the rally: The repeated downward revisions suggest analysts see weaker-than-previously-expected earnings growth over the next several years. That concern is particularly relevant given Wheaton’s elevated valuation, although the current full-year consensus estimate remains $2.47 per share.