Raymond James Financial Increases Wheaton Precious Metals (NYSE:WPM) Price Target to $114.00

Wheaton Precious Metals (NYSE:WPM) had its target price hoisted by research analysts at Raymond James Financial from $112.00 to $114.00 in a research report issued on Friday, MarketBeat reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 6.75% from the company’s current price. Raymond James Financial also issued estimates for Wheaton Precious Metals’ Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.59 EPS, Q2 2026 earnings at $0.61 EPS, Q3 2026 earnings at $0.61 EPS, Q4 2026 earnings at $0.63 EPS and FY2026 earnings at $2.43 EPS.

Several other equities analysts also recently weighed in on the company. Scotiabank raised their price objective on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 12th. UBS Group set a $106.00 target price on Wheaton Precious Metals and gave the company a “neutral” rating in a report on Monday, August 11th. Royal Bank Of Canada increased their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $106.79 on Friday. Wheaton Precious Metals has a 1-year low of $55.47 and a 1-year high of $108.67. The company has a market capitalization of $48.48 billion, a P/E ratio of 61.73, a PEG ratio of 2.95 and a beta of 0.42. The business has a 50 day moving average price of $95.90 and a 200 day moving average price of $86.55.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same period last year, the business posted $0.33 EPS. Wheaton Precious Metals’s quarterly revenue was up 68.2% on a year-over-year basis. On average, research analysts expect that Wheaton Precious Metals will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wheaton Precious Metals

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC boosted its holdings in shares of Wheaton Precious Metals by 5.5% during the first quarter. Cerity Partners LLC now owns 20,271 shares of the company’s stock worth $1,574,000 after purchasing an additional 1,058 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Wheaton Precious Metals by 37.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company’s stock valued at $630,000 after acquiring an additional 2,208 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Wheaton Precious Metals by 5.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company’s stock valued at $419,000 after acquiring an additional 297 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Wheaton Precious Metals in the first quarter valued at $531,000. Finally, Principal Financial Group Inc. boosted its holdings in Wheaton Precious Metals by 34.6% in the first quarter. Principal Financial Group Inc. now owns 25,244 shares of the company’s stock valued at $1,959,000 after acquiring an additional 6,486 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.