Zacks Research Has Bearish Forecast for WPM Q1 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities researchers at Zacks Research decreased their Q1 2026 earnings estimates for Wheaton Precious Metals in a research report issued to clients and investors on Thursday, March 26th. Zacks Research analyst Team now forecasts that the company will earn $0.80 per share for the quarter, down from their previous forecast of $0.85. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q4 2026 earnings at $0.81 EPS, Q3 2027 earnings at $0.82 EPS and Q4 2027 earnings at $0.81 EPS.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, March 12th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $864.71 million for the quarter, compared to analysts’ expectations of $719.59 million. During the same quarter last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 127.3% compared to the same quarter last year.

Several other brokerages have also issued reports on WPM. TD Cowen increased their target price on shares of 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 Securities raised their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $145.00 price objective on shares of Wheaton Precious Metals in a research note on Sunday, December 7th. Wall Street Zen cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Friday. Thirteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.36.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $124.48 on Monday. The stock has a fifty day moving average price of $142.22 and a 200-day moving average price of $121.21. The firm has a market cap of $56.52 billion, a PE ratio of 38.42, a P/E/G ratio of 1.79 and a beta of 0.50. Wheaton Precious Metals has a 1 year low of $68.03 and a 1 year high of $165.76.

Wheaton Precious Metals Increases Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, March 31st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 24.07%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Assetmark Inc. lifted its stake in Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 130 shares during the period. Nisa Investment Advisors LLC purchased a new position in Wheaton Precious Metals during the 3rd quarter valued at $26,000. Harvest Fund Management Co. Ltd increased its position in shares of Wheaton Precious Metals by 100.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after buying an additional 117 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in Wheaton Precious Metals in the fourth quarter worth about $28,000. Finally, Navalign LLC purchased a new stake in Wheaton Precious Metals in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Key Headlines Impacting Wheaton Precious Metals

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

• Positive Sentiment: UBS upgraded WPM from “neutral” to “buy” and set a $160 price target (~28.5% upside vs. the current quote), signaling conviction from a major broker that the shares have meaningful upside. Article Title Article Title
• Positive Sentiment: Zacks Research increased several near-term and FY estimates for WPM (Q1/Q2/Q3 and FY2026/FY2028), and lifted FY2026 to $3.33 EPS from $3.25 — upgrades that improve the earnings outlook even though Zacks retains a “Hold” rating. (Source: MarketBeat summary of analyst notes) Article Title
• Positive Sentiment: Company fundamentals are supporting the outlook: WPM reported record operating cash flow (US$1.9B in 2025 vs US$1.03B in 2024), strong sales and net income for 2025, and the board approved an 18% increase in the quarterly dividend — concrete cash-generation and shareholder-return signals. Article Title
• Neutral Sentiment: Analyst commentary pieces from Zacks highlight WPM as a strong growth/quality name and question the sustainability of the free-cash-flow rally (key variables: production growth and gold prices). These are useful context items but mostly reinforce existing data rather than introduce new catalysts. Article Title

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.