FY2027 Earnings Forecast for WPM Issued By Edison Inv. Res

Wheaton Precious Metals Corp. (NYSE:WPMFree Report) – Stock analysts at Edison Inv. Res decreased their FY2027 earnings per share estimates for Wheaton Precious Metals in a report released on Friday, August 7th. Edison Inv. Res analyst L. Ashbourne now forecasts that the company will post earnings per share of $3.28 for the year, down from their previous forecast of $3.35. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $4.76 per share.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. Wheaton Precious Metals had a return on equity of 22.61% and a net margin of 64.66%.Wheaton Precious Metals’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

A number of other research firms have also commented on WPM. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. UBS Group cut their target price 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. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada lowered their target price on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.55.

Get Our Latest Research Report on Wheaton Precious Metals

Wheaton Precious Metals Stock Down 0.5%

Shares of NYSE:WPM opened at $133.47 on Tuesday. The business has a fifty day simple moving average of $115.25 and a 200 day simple moving average of $130.74. Wheaton Precious Metals has a 12-month low of $90.94 and a 12-month high of $165.76. The firm has a market cap of $60.62 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.41 and a beta of 0.55.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of hedge funds have recently bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of Wheaton Precious Metals by 144.4% in the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after buying an additional 130 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in Wheaton Precious Metals by 100.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after purchasing an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in Wheaton Precious Metals in the fourth quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in shares of Wheaton Precious Metals by 245.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after purchasing an additional 162 shares during the period. Finally, Navalign LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $30,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. Wheaton Precious Metals’s payout ratio is 17.29%.

About Wheaton Precious Metals

(Get Free Report)

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.

See Also

Earnings History and Estimates for Wheaton Precious Metals (NYSE:WPM)

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.