What is Scotiabank’s Estimate for WPM FY2027 Earnings?

Wheaton Precious Metals Corp. (NYSE:WPM) – Stock analysts at Scotiabank reduced their FY2027 EPS estimates for shares of Wheaton Precious Metals in a research note issued on Thursday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will earn $4.41 per share for the year, down from their previous forecast of $4.59. Scotiabank has a “Sector Outperform” rating and a $178.00 price target on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, March 12th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.31. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.17%. The company had revenue of $864.71 million during the quarter, compared to the consensus estimate of $719.59 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 127.3% on a year-over-year basis.

Several other research analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. TD Securities boosted their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. TD Cowen upped their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average target price of $145.18.

Wheaton Precious Metals Price Performance

WPM opened at $114.37 on Monday. The stock has a market capitalization of $51.93 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 1.66 and a beta of 0.50. The company’s 50 day simple moving average is $143.36 and its 200-day simple moving average is $120.62. Wheaton Precious Metals has a one year low of $68.03 and a one year high of $165.76.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. Wheaton Precious Metals’s dividend payout ratio is presently 20.37%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WPM. Vanguard Group Inc. grew its stake in shares of Wheaton Precious Metals by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock worth $2,242,969,000 after purchasing an additional 289,939 shares during the period. Van ECK Associates Corp lifted its stake in Wheaton Precious Metals by 10.7% in the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after buying an additional 1,402,092 shares during the period. Capital International Investors boosted its holdings in Wheaton Precious Metals by 1.2% during the fourth quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock worth $892,650,000 after buying an additional 93,599 shares during the last quarter. Norges Bank bought a new position in Wheaton Precious Metals during the fourth quarter worth about $864,977,000. Finally, TD Asset Management Inc grew its position in shares of Wheaton Precious Metals by 0.5% during the 4th quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after buying an additional 33,221 shares during the period. 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.