Wheaton Precious Metals (NYSE:WPM) Announces Quarterly Earnings Results

Wheaton Precious Metals (NYSE:WPM) issued its quarterly earnings data on Thursday. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01), Zacks reports. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%. The company had revenue of $771.73 million for the quarter, compared to analyst estimates of $787.10 million.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded up $3.74 during mid-day trading on Friday, reaching $136.20. 2,089,341 shares of the company were exchanged, compared to its average volume of 1,683,745. The company has a fifty day simple moving average of $138.57 and a 200-day simple moving average of $133.73. Wheaton Precious Metals has a 12 month low of $96.14 and a 12 month high of $165.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $61.86 billion, a PE ratio of 29.61, a PEG ratio of 2.33 and a beta of 0.56.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a dividend of $0.1950 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is currently 17.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WPM. Weiss Ratings lowered Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Scotiabank dropped their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Berenberg Bank restated a “buy” rating and issued a $157.00 price target (down from $160.00) on shares of Wheaton Precious Metals in a research note on Thursday, September 17th. Royal Bank Of Canada boosted their price target on Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Wheaton Precious Metals in a report on Friday. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus price target of $172.90.

Key Headlines Impacting Wheaton Precious Metals

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

• Positive Sentiment: Q3 revenue rose 62% year over year to about US$772 million, while adjusted net earnings increased 46%. Wheaton also reported record year-to-date production, sales volume, revenue, earnings and cash flow, and said it remains on track to meet annual production guidance. Q3 2026 results
• Positive Sentiment: The company declared a quarterly dividend of US$0.195 per share, an 18% increase from the same 2025 payment. The dividend supports investor returns, though its 0.6% indicated yield is modest. Dividend declaration
• Positive Sentiment: Peel Hunt retained its Buy rating and C$187 price target, citing a better-than-expected quarter. Wheaton also reported growth-project milestones, including first gold pour at Montage Gold’s Koné project and construction approval for Hudbay’s Copper World. Peel Hunt commentary
• Neutral Sentiment: UBS lowered its price target to $155 from $160 but maintained its Buy rating, indicating a modestly more cautious valuation view without a change in its overall recommendation. UBS price target update
• Negative Sentiment: Despite strong growth from a year earlier, Q3 EPS of $0.90 and revenue of $771.7 million fell short of consensus estimates of $0.91 and $787.1 million, respectively. Scotiabank also cut its 2026 EPS forecast to $4.65 from $4.83, although it kept a Sector Outperform rating and $175 target. Q3 estimate miss

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt.

Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.

The company was founded as Silver Wheaton in 2004 and adopted the Wheaton Precious Metals name in 2017.