Wheaton Precious Metals (NYSE:WPM) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Wheaton Precious Metals (NYSE:WPM) released its earnings results on Thursday. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04, Zacks reports. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. During the same quarter last year, the business earned $0.63 EPS. The business’s revenue was up 84.7% on a year-over-year basis.

Wheaton Precious Metals Stock Up 7.4%

Shares of Wheaton Precious Metals stock traded up $9.21 during midday trading on Friday, hitting $134.51. The company had a trading volume of 3,447,007 shares, compared to its average volume of 2,273,258. Wheaton Precious Metals has a 12-month low of $90.94 and a 12-month high of $165.76. The stock has a market cap of $61.09 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.21 and a beta of 0.55. The company has a fifty day simple moving average of $115.12 and a 200 day simple moving average of $130.80.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is presently 19.70%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WPM. Jefferies Financial Group reduced their price objective on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Scotiabank decreased their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Bank of America dropped their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Berenberg Bank set a $157.00 target price on Wheaton Precious Metals in a research report on Tuesday, July 28th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus price target of $165.55.

More Wheaton Precious Metals News

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

• Positive Sentiment: Second-quarter earnings beat expectations: Wheaton reported adjusted earnings of $1.19 per share, up from $0.63 a year earlier and ahead of the $1.15 analyst consensus. Revenue increased 84.7% year over year to approximately $878 million. Wheaton Precious Metals Q2 earnings and revenues surpass estimates
• Positive Sentiment: Record operating performance supports the streaming model: Management cited record year-to-date production, sales volumes, revenue, earnings and cash flow. Strong margins and cash generation are particularly favorable amid commodity-price volatility and cost pressures, while the company’s financial position provides flexibility for further growth investments. Wheaton Precious Metals announces second-quarter 2026 results
• Positive Sentiment: Dividend increased: Wheaton declared a quarterly dividend of $0.195 per share, an 18% increase from the comparable 2025 dividend. The payment is scheduled for September 3 for shareholders of record on August 20, implying an annualized payout of approximately $0.78 per share and a yield near 0.6%. Wheaton Precious Metals dividend declaration
• Neutral Sentiment: Revenue was broadly in line with expectations: Although the earnings result exceeded estimates, reported revenue of about $878 million was slightly below the consensus estimate of $879.29 million. Investors may therefore focus on production trends, metal prices and future streaming investments to assess whether the pace of growth can continue. Wheaton Precious Metals key metrics versus estimates

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WPM. Qube Research & Technologies Ltd increased its holdings in Wheaton Precious Metals by 1,655.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,245,766 shares of the company’s stock worth $139,333,000 after acquiring an additional 1,174,799 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Wheaton Precious Metals by 2,621.8% during the fourth quarter. AQR Capital Management LLC now owns 903,678 shares of the company’s stock valued at $106,239,000 after purchasing an additional 870,476 shares in the last quarter. Bank of Montreal Can lifted its holdings in Wheaton Precious Metals by 9.4% during the fourth quarter. Bank of Montreal Can now owns 7,061,090 shares of the company’s stock valued at $830,134,000 after purchasing an additional 605,415 shares in the last quarter. Bank of America Corp DE grew its position in shares of Wheaton Precious Metals by 12.8% in the second quarter. Bank of America Corp DE now owns 4,481,459 shares of the company’s stock valued at $402,435,000 after purchasing an additional 507,577 shares during the period. Finally, Invesco Ltd. grew its position in shares of Wheaton Precious Metals by 17.2% in the fourth quarter. Invesco Ltd. now owns 2,474,126 shares of the company’s stock valued at $290,759,000 after purchasing an additional 363,699 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

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.