Zacks Research Has Strong Estimate for TSE:WPM Q1 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Zacks Research increased their Q1 2028 earnings per share estimates for Wheaton Precious Metals in a research report issued on Thursday, May 21st. Zacks Research analyst Team now expects 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 equities research analysts have also recently issued reports on WPM. Canaccord Genuity Group raised their target price on Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. BMO Capital Markets raised their target price on Wheaton Precious Metals from C$240.00 to C$250.00 in a research note on Wednesday, April 22nd. Stifel Nicolaus raised their target price on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. UBS Group upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Finally, Peel Hunt raised their target price on Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$205.63.

Wheaton Precious Metals Stock Performance

WPM stock opened at C$175.43 on Friday. The stock has a market capitalization of C$79.67 billion, a price-to-earnings ratio of 44.33 and a beta of 1.38. Wheaton Precious Metals has a 1 year low of C$116.42 and a 1 year high of C$226.68. The stock’s fifty day moving average is C$185.56 and its two-hundred day moving average is C$178.30.

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

Insider Buying and Selling at Wheaton Precious Metals

In related news, insider Vincent Chun Yip Lau acquired 225 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of C$176.85 per share, for a total transaction of C$39,791.25. Following the completion of the purchase, 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 ownership of the stock. 0.13% of the stock is currently owned by corporate insiders.

Wheaton Precious Metals Dividend Announcement

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

About Wheaton Precious Metals

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.