Wheaton Precious Metals (NYSE:WPM) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Wheaton Precious Metals (NYSE:WPM) from a strong-buy rating to a buy rating in a report released on Saturday.

Other research analysts also recently issued reports about the company. TD Cowen raised their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $175.00 to $178.00 and gave the stock a “sector outperform” rating in a report on Monday, March 16th. Zacks Research lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average target price of $145.36.

Wheaton Precious Metals Stock Up 4.6%

Wheaton Precious Metals stock opened at $124.48 on Friday. The company’s fifty day simple moving average is $142.22 and its 200-day simple moving average is $121.10. Wheaton Precious Metals has a 12 month low of $68.03 and a 12 month high of $165.76. The stock has a market cap of $56.52 billion, a P/E ratio of 38.42, a P/E/G ratio of 1.79 and a beta of 0.50.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, March 12th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.31. The company had revenue of $864.71 million during the quarter, compared to the consensus estimate of $719.59 million. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The business’s quarterly revenue was up 127.3% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. On average, equities research analysts expect that Wheaton Precious Metals will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.195 per share. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Wheaton Precious Metals’s dividend payout ratio is 20.37%.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of hedge funds have recently modified their holdings of WPM. Norges Bank acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at $864,977,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Wheaton Precious Metals by 36.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock valued at $777,938,000 after acquiring an additional 1,847,977 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Wheaton Precious Metals by 40.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,912,588 shares of the company’s stock valued at $694,951,000 after purchasing an additional 1,715,540 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Wheaton Precious Metals by 10.7% in the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after purchasing an additional 1,402,092 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Wheaton Precious Metals by 26.1% during the 3rd quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock worth $722,270,000 after purchasing an additional 1,335,588 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Wheaton Precious Metals

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

• Positive Sentiment: UBS upgraded WPM from “neutral” to “buy” and set a $160 price target (~28.5% upside vs. the current quote), signaling conviction from a major broker that the shares have meaningful upside. Article Title Article Title
• Positive Sentiment: Zacks Research increased several near-term and FY estimates for WPM (Q1/Q2/Q3 and FY2026/FY2028), and lifted FY2026 to $3.33 EPS from $3.25 — upgrades that improve the earnings outlook even though Zacks retains a “Hold” rating. (Source: MarketBeat summary of analyst notes) Article Title
• Positive Sentiment: Company fundamentals are supporting the outlook: WPM reported record operating cash flow (US$1.9B in 2025 vs US$1.03B in 2024), strong sales and net income for 2025, and the board approved an 18% increase in the quarterly dividend — concrete cash-generation and shareholder-return signals. Article Title
• Neutral Sentiment: Analyst commentary pieces from Zacks highlight WPM as a strong growth/quality name and question the sustainability of the free-cash-flow rally (key variables: production growth and gold prices). These are useful context items but mostly reinforce existing data rather than introduce new catalysts. Article Title

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.