Zacks Research Has Positive Outlook for TSE:WPM Q3 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Zacks Research boosted their Q3 2028 EPS estimates for Wheaton Precious Metals in a report released on Thursday, September 24th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $2.40 for the quarter, up from their prior forecast of $1.62. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Several other equities analysts have also issued reports on the company. Peel Hunt decreased their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a report on Wednesday, July 29th. National Bank Financial boosted their price objective on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$203.86.

Wheaton Precious Metals Stock Performance

TSE WPM opened at C$194.36 on Friday. The stock has a market capitalization of C$88.27 billion, a P/E ratio of 43.11 and a beta of 1.61. Wheaton Precious Metals has a 52 week low of C$129.69 and a 52 week high of C$226.68. The stock has a fifty day moving average of C$196.26 and a 200-day moving average of C$182.11.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. The firm had revenue of C$1.32 billion for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.

Insider Buying and Selling at Wheaton Precious Metals

In other news, insider Nikola Tatarkin sold 3,733 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total value of C$705,537.00. Following the transaction, the insider owned 30,756 shares of the company’s stock, valued at C$5,812,884. This represents a 10.82% decrease in their position. 0.13% of the stock is currently owned by company insiders.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were given a dividend of $0.1950 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. Wheaton Precious Metals’s payout ratio is presently 15.97%.

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.