Scotiabank Has Bullish Forecast for WPM FY2026 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Stock analysts at Scotiabank boosted their FY2026 earnings estimates for Wheaton Precious Metals in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $4.74 per share for the year, up from their previous estimate of $4.48. Scotiabank has a “Sector Outperform” rating and a $175.00 price objective on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.82 per share. Scotiabank also issued estimates for Wheaton Precious Metals’ FY2027 earnings at $4.56 EPS.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective on the stock. Jefferies Financial Group reduced their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a report on Monday, July 6th. Bank of America decreased their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. UBS Group lowered their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada dropped their price objective on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.09.

Wheaton Precious Metals Stock Down 0.0%

Shares of WPM opened at $104.16 on Monday. Wheaton Precious Metals has a twelve month low of $87.96 and a twelve month high of $165.76. The company has a market capitalization of $47.30 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. The firm has a 50 day moving average of $120.54 and a 200 day moving average of $132.05.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 91.7% on a year-over-year basis.

Institutional Investors Weigh In On Wheaton Precious Metals

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Wheaton Precious Metals by 1.5% in the 4th 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 in the last quarter. Van ECK Associates Corp lifted its position in Wheaton Precious Metals by 10.7% during 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 purchasing an additional 1,402,092 shares in the last quarter. Capital International Investors lifted its position 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 valued at $892,650,000 after purchasing an additional 93,599 shares in the last quarter. Norges Bank bought a new stake in Wheaton Precious Metals during the fourth quarter valued at about $864,977,000. Finally, TD Asset Management Inc grew its holdings in Wheaton Precious Metals by 0.5% during the fourth quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock valued at $857,598,000 after purchasing an additional 33,221 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid 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 was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Wheaton Precious Metals Company Profile

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.