Zacks Research Has Strong Estimate for TSE:WPM Q1 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Analysts at Zacks Research increased their Q1 2028 EPS estimates for Wheaton Precious Metals in a note issued to investors on Thursday, May 21st. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.19 for the quarter, up from their prior estimate of $1.09. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

A number of other analysts also recently weighed in on WPM. Stifel Nicolaus raised their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. BMO Capital Markets raised their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. UBS Group raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Canaccord Genuity Group raised their price target on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. Finally, National Bank Financial lifted their price objective on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and an average target price of C$205.63.

Wheaton Precious Metals Trading Up 0.4%

WPM stock opened at C$175.43 on Friday. Wheaton Precious Metals has a twelve month low of C$116.42 and a twelve month high of C$226.68. The company has a market capitalization of C$79.67 billion, a P/E ratio of 44.33 and a beta of 1.38. The firm has a 50 day simple moving average of C$185.56 and a 200-day simple moving average of C$178.30.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share for the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. The business had revenue of C$1.25 billion during the quarter.

Insider Buying and Selling

In other Wheaton Precious Metals news, insider Vincent Chun Yip Lau acquired 225 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of C$176.85 per share, with a total value of C$39,791.25. Following the completion of the acquisition, the insider directly owned 1,065 shares in the company, valued at C$188,345.25. This trade represents a 26.79% increase in their position. 0.13% of the stock is currently owned by corporate insiders.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s payout ratio is currently 17.44%.

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.