Scotiabank Issues Pessimistic Forecast for WPM Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at Scotiabank lowered their FY2026 earnings estimates for Wheaton Precious Metals in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $4.65 for the year, down from their previous estimate of $4.83. Scotiabank has a “Sector Outperform” rating and a $175.00 price target on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.57 per share.

WPM has been the topic of several other research reports. Bank of America dropped their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a report on Tuesday, July 28th. UBS Group upped their target price on Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Weiss Ratings lowered shares of Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada raised their target price on Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.11.

Wheaton Precious Metals Price Performance

WPM stock opened at $132.42 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. Wheaton Precious Metals has a 1 year low of $96.00 and a 1 year high of $165.76. The stock has a 50-day simple moving average of $139.02 and a 200-day simple moving average of $133.75. The firm has a market cap of $60.15 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.57 and a beta of 0.56.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01). The business had revenue of $771.73 million for the quarter, compared to analysts’ expectations of $787.10 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.

Institutional Trading of Wheaton Precious Metals

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Wheaton Precious Metals by 0.5% during the second quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company’s stock worth $1,619,480,000 after buying an additional 78,618 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Wheaton Precious Metals in the second quarter valued at approximately $581,250,000. The Manufacturers Life Insurance Company grew its stake in shares of Wheaton Precious Metals by 3.3% in the first quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company’s stock worth $376,387,000 after acquiring an additional 92,435 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Wheaton Precious Metals in the second quarter worth $351,708,000. Finally, Amundi grew its stake in shares of Wheaton Precious Metals by 3.2% in the first quarter. Amundi now owns 2,531,060 shares of the company’s stock worth $331,594,000 after acquiring an additional 77,903 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.