Scotiabank Issues Pessimistic Outlook for TSE:WPM Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Equities researchers at Scotiabank lowered their FY2026 earnings estimates for shares of Wheaton Precious Metals in a research note issued to investors on Thursday, May 14th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $6.14 for the year, down from their previous forecast of $6.35. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Scotiabank also issued estimates for Wheaton Precious Metals’ FY2027 earnings at $5.99 EPS.

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

Other equities research analysts have also issued research reports about the stock. Peel Hunt raised their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. UBS Group upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Canaccord Genuity Group lifted their price objective on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. TD Securities lifted their price objective on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, National Bank Financial lifted their price objective on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$205.63.

Wheaton Precious Metals Stock Down 1.9%

Shares of WPM stock opened at C$191.05 on Friday. The company has a 50 day moving average of C$188.32 and a 200-day moving average of C$176.82. Wheaton Precious Metals has a 12-month low of C$107.14 and a 12-month high of C$226.68. The firm has a market cap of C$86.76 billion, a P/E ratio of 48.28 and a beta of 1.38.

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.