Scotiabank Has Pessimistic View of TSE:WPM FY2027 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Analysts at Scotiabank decreased their FY2027 earnings per share estimates for shares of Wheaton Precious Metals in a research report issued on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $6.04 for the year, down from their previous forecast of $6.06. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Several other equities analysts have also recently issued reports on WPM. BMO Capital Markets lifted their price target on Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. Stifel Nicolaus lifted their price target on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. UBS Group upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Peel Hunt lifted their price target on Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. Finally, Canaccord Genuity Group lifted their price target on Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$205.63.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at C$190.47 on Monday. Wheaton Precious Metals has a 1 year low of C$105.36 and a 1 year high of C$226.68. The stock has a market cap of C$86.48 billion, a PE ratio of 58.84 and a beta of 1.39. The business’s fifty day moving average is C$194.49 and its 200-day moving average is C$173.57.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Thursday, March 12th. The company reported C$1.68 EPS for the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%.The firm had revenue of C$1.16 billion for the quarter.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.