Zacks Research Has Bearish Forecast for WPM Q3 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at Zacks Research cut their Q3 2026 earnings per share estimates for shares of Wheaton Precious Metals in a report released on Thursday, August 20th. Zacks Research analyst Team now anticipates that the company will earn $1.05 per share for the quarter, down from their prior forecast of $1.14. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q1 2027 earnings at $1.20 EPS, Q2 2027 earnings at $1.10 EPS, Q3 2027 earnings at $0.99 EPS, Q4 2027 earnings at $1.01 EPS, FY2027 earnings at $4.31 EPS, Q1 2028 earnings at $1.19 EPS, Q2 2028 earnings at $1.06 EPS and FY2028 earnings at $4.62 EPS.

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

Several other brokerages also recently weighed in on WPM. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Jefferies Financial Group decreased their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Royal Bank Of Canada cut their price target on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank reduced their price objective on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Finally, Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a report on Tuesday, July 28th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.55.

Wheaton Precious Metals Stock Up 2.2%

Wheaton Precious Metals stock opened at $163.66 on Monday. The company has a 50-day simple moving average of $120.62 and a 200-day simple moving average of $130.80. The firm has a market capitalization of $74.33 billion, a P/E ratio of 36.29, a P/E/G ratio of 2.83 and a beta of 0.55. 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 one year low of $92.57 and a one year high of $165.76.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of institutional investors and hedge funds have recently bought and sold shares of WPM. Assetmark Inc. raised its position in shares of Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after buying an additional 130 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Wheaton Precious Metals by 245.5% in the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after acquiring an additional 162 shares in the last quarter. Harvest Fund Management Co. Ltd boosted 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 acquiring an additional 117 shares in the last quarter. Hollencrest Capital Management increased 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 valued at $31,000 after acquiring an additional 100 shares during the period. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $28,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is presently 17.29%.

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.