Scotiabank Has Bearish Forecast for WPM FY2027 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Analysts at Scotiabank dropped their FY2027 earnings estimates for Wheaton Precious Metals in a report released on Thursday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $4.41 per share for the year, down from their prior forecast of $4.59. 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 $1.46 per share.

Several other analysts have also commented on the company. Zacks Research lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. TD Cowen boosted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Wall Street Zen upgraded Wheaton Precious Metals from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. UBS Group reaffirmed a “neutral” rating and set a $158.00 price objective on shares of Wheaton Precious Metals in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $145.18.

Wheaton Precious Metals Stock Performance

NYSE WPM opened at $119.56 on Monday. The firm has a market capitalization of $54.29 billion, a P/E ratio of 36.90, a PEG ratio of 1.66 and a beta of 0.50. The stock has a 50-day simple moving average of $143.18 and a two-hundred day simple moving average of $120.74. Wheaton Precious Metals has a fifty-two week low of $68.03 and a fifty-two week high of $165.76.

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

Hedge Funds Weigh In On Wheaton Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new position in Wheaton Precious Metals in the 1st quarter valued at about $331,000. Focus Partners Wealth boosted its stake in shares of Wheaton Precious Metals by 10.7% in the first quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock worth $871,000 after acquiring an additional 1,081 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals in the first quarter worth approximately $209,000. Sivia Capital Partners LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth approximately $239,000. Finally, Personal CFO Solutions LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth approximately $266,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be 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 is Tuesday, March 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. Wheaton Precious Metals’s payout ratio is 20.37%.

Wheaton Precious Metals Company Profile

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.