Wheaton Precious Metals (NYSE:WPM) Cut to Hold at Zacks Research

Zacks Research cut shares of Wheaton Precious Metals (NYSE:WPM) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports. Zacks Research also issued estimates for Wheaton Precious Metals’ Q1 2026 earnings at $0.73 EPS, Q2 2026 earnings at $0.75 EPS, Q3 2026 earnings at $0.74 EPS, Q4 2026 earnings at $0.79 EPS, FY2026 earnings at $3.00 EPS, Q1 2027 earnings at $0.71 EPS, Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.78 EPS and FY2027 earnings at $3.04 EPS.

A number of other analysts have also recently commented on WPM. Bank of America upped their price objective on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. UBS Group increased their price objective on shares of Wheaton Precious Metals from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, December 1st. Jefferies Financial Group restated a “buy” rating and set a $145.00 target price on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. Finally, Berenberg Bank increased their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus price target of $130.78.

Wheaton Precious Metals Stock Down 1.3%

Shares of Wheaton Precious Metals stock opened at $121.25 on Tuesday. Wheaton Precious Metals has a twelve month low of $55.47 and a twelve month high of $123.92. The company’s 50 day moving average is $105.91 and its 200 day moving average is $100.60. The company has a market cap of $55.05 billion, a price-to-earnings ratio of 55.11, a price-to-earnings-growth ratio of 1.81 and a beta of 0.54.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $476.26 million during the quarter, compared to analyst estimates of $495.53 million. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. Sell-side analysts expect that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 annualized dividend and a yield of 0.5%. Wheaton Precious Metals’s payout ratio is currently 30.00%.

Institutional Trading of Wheaton Precious Metals

Several institutional investors and hedge funds have recently modified their holdings of WPM. Norges Bank bought a new position in Wheaton Precious Metals in the 2nd quarter worth $656,463,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Wheaton Precious Metals by 36.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock valued at $777,938,000 after acquiring an additional 1,847,977 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Wheaton Precious Metals by 53.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,197,048 shares of the company’s stock worth $469,459,000 after acquiring an additional 1,453,572 shares during the period. Bank of Montreal Can grew its position in shares of Wheaton Precious Metals by 26.1% during the third quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock worth $722,270,000 after purchasing an additional 1,335,588 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Wheaton Precious Metals by 139.8% during the second quarter. Invesco Ltd. now owns 2,085,042 shares of the company’s stock worth $187,237,000 after purchasing an additional 1,215,660 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals News Roundup

Here are the key news stories impacting Wheaton Precious Metals this week:

• Positive Sentiment: Zacks Research raised earnings estimates across several quarters and pushed up FY2026 and FY2027 EPS forecasts (e.g., FY2026 to $3.00 and FY2027 to $3.04), which improves near‑term earnings outlook. MarketBeat WPM estimates
• Positive Sentiment: Recent reported results (most recent quarter) showed an EPS beat versus consensus and year‑over‑year EPS growth, supporting the raised estimates. MarketBeat WPM results
• Neutral Sentiment: Although Zacks increased earnings estimates, it kept a “Hold” rating — investors may see upside in earnings but limited near‑term conviction from this analyst. MarketBeat WPM note
• Negative Sentiment: Zacks downgraded Wheaton from “strong‑buy” to “hold” — a downgrade in sentiment that can prompt profit‑taking or reduce buyer urgency. Zacks.com
• Negative Sentiment: Revenue in the most recent quarter missed Street estimates even as EPS beat, and the stock trades at a rich multiple (P/E ~55), which can make investors sensitive to any negative headlines. MarketBeat WPM results

About Wheaton Precious Metals

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.