Wheaton Precious Metals (NYSE:WPM) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Wheaton Precious Metals (NYSE:WPM) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports. Zacks Research also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $3.01 EPS and Q1 2027 earnings at $0.72 EPS.

Several other equities research analysts have also recently weighed in on WPM. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Raymond James Financial upped their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $145.00 target price on shares of Wheaton Precious Metals in a research note on Sunday, December 7th. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Finally, Royal Bank Of Canada upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $130.00 in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $136.00.

Wheaton Precious Metals Trading Up 4.6%

Shares of WPM stock opened at $156.29 on Tuesday. The firm’s 50 day moving average is $121.06 and its 200 day moving average is $107.63. The stock has a market capitalization of $70.96 billion, a P/E ratio of 71.04, a P/E/G ratio of 1.37 and a beta of 0.52. Wheaton Precious Metals has a 12-month low of $60.15 and a 12-month high of $156.36.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The company had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. During the same quarter last year, the business earned $0.34 EPS. The firm’s revenue was up 54.5% compared to the same quarter last year. As a group, equities analysts predict that Wheaton Precious Metals will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 30.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at $11,355,000. J. Safra Sarasin Holding AG lifted its holdings in shares of Wheaton Precious Metals by 38.5% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 68,485 shares of the company’s stock valued at $7,659,000 after purchasing an additional 19,050 shares in the last quarter. West Family Investments Inc. bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at approximately $247,000. Norges Bank acquired a new position in Wheaton Precious Metals during the second quarter valued at approximately $656,463,000. Finally, Voya Investment Management LLC raised its stake in Wheaton Precious Metals by 7.4% in the third quarter. Voya Investment Management LLC now owns 246,827 shares of the company’s stock valued at $27,608,000 after buying an additional 16,908 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

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.