Wheaton Precious Metals (NYSE:WPM) Cut to Hold at Zacks Research

Wheaton Precious Metals (NYSE:WPM) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Wheaton Precious Metals’ Q1 2026 earnings at $0.73 EPS, Q2 2026 earnings at $0.75 EPS, Q3 2026 earnings at $0.74 EPS, Q4 2026 earnings at $0.79 EPS, FY2026 earnings at $3.00 EPS, Q1 2027 earnings at $0.71 EPS, Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.78 EPS and FY2027 earnings at $3.04 EPS.

A number of other research analysts also recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Bank of America increased their price objective on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. Finally, UBS Group boosted their price objective on Wheaton Precious Metals from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.78.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $121.25 on Tuesday. Wheaton Precious Metals has a fifty-two week low of $55.47 and a fifty-two week high of $123.92. The firm’s 50-day simple moving average is $105.76 and its 200 day simple moving average is $100.45. The stock has a market cap of $55.05 billion, a PE ratio of 55.11, a price-to-earnings-growth ratio of 1.82 and a beta of 0.54.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The firm had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. As a group, analysts predict that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WPM. Vanguard Group Inc. boosted its position in shares of Wheaton Precious Metals by 1.3% in the third quarter. Vanguard Group Inc. now owns 18,789,090 shares of the company’s stock valued at $2,102,611,000 after acquiring an additional 234,439 shares during the period. Norges Bank purchased a new stake in Wheaton Precious Metals in the 2nd quarter worth approximately $656,463,000. TD Asset Management Inc grew its position in shares of Wheaton Precious Metals by 3.5% during the 3rd quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock valued at $811,726,000 after purchasing an additional 244,027 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Wheaton Precious Metals by 36.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock valued at $777,938,000 after purchasing an additional 1,847,977 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Wheaton Precious Metals by 26.1% in the third 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 during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

About Wheaton Precious Metals

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.