Wheaton Precious Metals (NYSE:WPM) Upgraded 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 brokerages also recently weighed in on WPM. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price target on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. Scotiabank restated an “outperform” rating and issued a $175.00 target price on shares of Wheaton Precious Metals in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Raymond James Financial lifted their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $130.00 in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $136.00.

Wheaton Precious Metals Trading Down 2.3%

WPM opened at $152.73 on Tuesday. Wheaton Precious Metals has a 12-month low of $61.22 and a 12-month high of $160.36. The firm has a 50 day moving average of $122.12 and a two-hundred day moving average of $107.94. The firm has a market capitalization of $69.35 billion, a PE ratio of 69.42, a P/E/G ratio of 1.43 and a beta of 0.52.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate 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 business had revenue of $476.26 million for the quarter, compared to the consensus estimate of $495.53 million. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 54.5% on a year-over-year basis. As a group, analysts predict that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Institutional Investors Weigh In On Wheaton Precious Metals

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Wheaton Precious Metals during the second quarter valued at $656,463,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Wheaton Precious Metals by 36.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock worth $777,938,000 after purchasing an additional 1,847,977 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Wheaton Precious Metals by 53.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,197,048 shares of the company’s stock worth $469,459,000 after purchasing an additional 1,453,572 shares during the last quarter. Bank of Montreal Can lifted its stake in Wheaton Precious Metals by 26.1% in the 3rd quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock valued at $722,270,000 after buying an additional 1,335,588 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Wheaton Precious Metals by 139.8% in the 2nd quarter. Invesco Ltd. now owns 2,085,042 shares of the company’s stock valued at $187,237,000 after buying an additional 1,215,660 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

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.