WPM Stock Gets Increased EPS Forecast from Zacks Research

Wheaton Precious Metals Corp. (NYSE:WPM) – Analysts at Zacks Research upped their Q3 2028 earnings estimates for shares of Wheaton Precious Metals in a research note issued on Thursday, September 24th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.71 per share for the quarter, up from their previous forecast of $1.17. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.79 per share.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. Wheaton Precious Metals’s revenue was up 84.7% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group reduced their price target on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Scotiabank cut their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Bank of America cut their target price 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. Weiss Ratings raised shares of Wheaton Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Finally, UBS Group decreased their price target on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.00.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $136.24 on Friday. The stock has a fifty day moving average price of $140.74 and a 200-day moving average price of $130.89. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals has a 12 month low of $92.57 and a 12 month high of $165.76. The firm has a market cap of $61.88 billion, a PE ratio of 30.21, a P/E/G ratio of 2.41 and a beta of 0.54.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Wheaton Precious Metals’s payout ratio is presently 17.29%.

Institutional Trading of Wheaton Precious Metals

A number of large investors have recently bought and sold shares of WPM. Harvest Fund Management Co. Ltd raised its holdings in shares of Wheaton Precious Metals by 100.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after buying an additional 117 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Wheaton Precious Metals by 245.5% during the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock worth $29,000 after buying an additional 162 shares during the period. Hollencrest Capital Management boosted its stake in shares of Wheaton Precious Metals by 73.5% during the first quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the period. Wellington Altus USA Inc. grew its holdings in shares of Wheaton Precious Metals by 446.7% during the second quarter. Wellington Altus USA Inc. now owns 328 shares of the company’s stock worth $37,000 after buying an additional 268 shares during the last quarter. Finally, Hickory Point Bank & Trust acquired a new position in Wheaton Precious Metals in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

About Wheaton Precious Metals

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

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.