Zacks Research Upgrades Wheaton Precious Metals (NYSE:WPM) to Strong-Buy

Wheaton Precious Metals (NYSE:WPM - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Wheaton Precious Metals' Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $2.46 EPS, Q1 2026 earnings at $0.65 EPS, Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.64 EPS, FY2026 earnings at $2.58 EPS, Q1 2027 earnings at $0.63 EPS, Q2 2027 earnings at $0.65 EPS, Q3 2027 earnings at $0.63 EPS and FY2027 earnings at $2.60 EPS.

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Several other brokerages have also issued reports on WPM. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, September 8th. BMO Capital Markets restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. CIBC upped their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an "outperformer" rating in a report on Friday, October 10th. Raymond James Financial boosted their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Wheaton Precious Metals in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $124.50.

Check Out Our Latest Report on WPM

Wheaton Precious Metals Stock Down 0.2%

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Shares of WPM stock opened at $102.48 on Monday. Wheaton Precious Metals has a twelve month low of $55.47 and a twelve month high of $114.36. The stock's fifty day simple moving average is $103.67 and its 200 day simple moving average is $96.40. The firm has a market capitalization of $46.53 billion, a P/E ratio of 59.24, a P/E/G ratio of 1.67 and a beta of 0.38.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm had revenue of $476.26 million for the quarter, compared to analyst estimates of $495.53 million. During the same period last year, the firm posted $0.34 earnings per share. The business's revenue for the quarter was up 54.5% on a year-over-year basis. As a group, equities research analysts expect that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Institutional Trading of Wheaton Precious Metals

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Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC bought a new position in shares of Wheaton Precious Metals in the third quarter valued at $26,000. Bulwark Capital Corp purchased a new stake in shares of Wheaton Precious Metals in the second quarter worth approximately $27,000. Delta Asset Management LLC TN bought a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $27,000. Root Financial Partners LLC bought a new stake in Wheaton Precious Metals during the third quarter worth $29,000. Finally, Triumph Capital Management purchased a new stake in Wheaton Precious Metals in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 70.34% of the company's stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.

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