Research Analysts Offer Predictions for WPM Q2 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Investment analysts at Zacks Research upped their Q2 2026 earnings estimates for Wheaton Precious Metals in a research report issued on Thursday, March 26th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.85 for the quarter, up from their previous forecast of $0.79. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q3 2026 earnings at $0.86 EPS, FY2026 earnings at $3.33 EPS, Q1 2027 earnings at $0.79 EPS, Q2 2027 earnings at $0.84 EPS and FY2028 earnings at $3.18 EPS.

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

A number of other brokerages have also issued reports on WPM. TD Securities lifted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Wall Street Zen raised Wheaton Precious Metals from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Scotiabank upped their target price on shares of Wheaton Precious Metals from $175.00 to $178.00 and gave the stock a “sector outperform” rating in a report on Monday, March 16th. Finally, TD Cowen increased their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average price target of $145.18.

Wheaton Precious Metals Trading Down 3.0%

NYSE:WPM opened at $118.97 on Friday. The stock has a 50 day moving average of $142.44 and a two-hundred day moving average of $120.85. Wheaton Precious Metals has a 12 month low of $68.03 and a 12 month high of $165.76. The firm has a market cap of $54.02 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 1.76 and a beta of 0.50.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WPM. Parvin Asset Management LLC grew its holdings in Wheaton Precious Metals by 0.6% in the 4th quarter. Parvin Asset Management LLC now owns 11,925 shares of the company’s stock valued at $1,401,000 after buying an additional 75 shares in the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Wheaton Precious Metals by 0.4% during the 4th quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company’s stock worth $2,405,000 after acquiring an additional 75 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Wheaton Precious Metals by 1.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock valued at $494,000 after acquiring an additional 78 shares during the last quarter. Gables Capital Management Inc. boosted its position in shares of Wheaton Precious Metals by 7.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock valued at $127,000 after acquiring an additional 79 shares during the last quarter. Finally, Focus Financial Network Inc. grew its holdings in shares of Wheaton Precious Metals by 2.5% in the fourth quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock valued at $388,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be given a dividend of $0.195 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 24.07%.

Key Headlines Impacting Wheaton Precious Metals

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

• Positive Sentiment: Zacks Research raised EPS forecasts across multiple periods (Q1/Q2/Q3 2026, Q1/Q2 2027 and FY2026/FY2028) — the firm bumped several quarterly estimates and lifted FY2026 to $3.33, signaling stronger expected earnings vs. prior assumptions.
• Positive Sentiment: WPM reported record operating cash flow (about $1.9B in 2025) and a sizeable dividend increase (board raised the first quarterly 2026 dividend ~18%), supporting shareholder returns and cash‑flow fundamentals. What Wheaton Precious Metals (TSX:WPM)’s Strong 2025 Results and Higher Dividend Mean For Shareholders
• Neutral Sentiment: Zacks retained a “Hold” rating even as it raised estimates — the rating did not change, which may limit a positive re‑rating from investors looking for upgraded recommendations.
• Neutral Sentiment: Analyst write‑ups (Zacks/Yahoo) frame WPM as a strong growth/cash‑flow story using their Style Scores, which can attract longer‑term investors but may have limited near‑term impact on trading. Here’s Why Wheaton Precious Metals Corp. (WPM) is a Strong Growth Stock
• Negative Sentiment: Questions about sustainability of elevated free cash flow — Zacks flags that continuing the free cash flow rally depends on production growth and gold prices, creating execution/commodity risk that can weigh on the stock. Can Wheaton Precious Metals Maintain Its Solid Free Cash Flow Rally?
• Negative Sentiment: Valuation and technical headwinds: WPM carries a relatively high P/E (~36.7) and is trading below its 50‑day moving average (short‑term downtrend), which can trigger profit‑taking or reduce appetite among momentum/quant funds.

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.