Investors are understandably tired of hearing about tariffs. But the United States is approaching a deadline that, despite not getting much coverage, could have a significant impact on stocks in the second half of the year.
The United States-Mexico-Canada Agreement (USMCA) replaced the North American Free Trade Agreement (NAFTA) in 2020. The agreement introduced updated provisions around rules of origin, labor rights, digital trade, and agricultural market access.
But unlike many other trade deals, negotiators added a sunset clause to the USMCA. That means it’s subject to review every six years, starting this year. This gives all parties an opportunity to relitigate terms.
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The best-case scenario, which offers the most stability for markets, would have countries maintain the current terms of the agreement with minimal disruption. However, many analysts give this the lowest odds of happening.
It's also likely that, rather than confirming the agreement through its 2036 expiration, the nations will enter into a cycle in which the agreement is revisited every year for the next 10 years.
Which Sectors Will Be Most Impacted?The good news is that many sectors won’t be impacted. However, any changes to USMCA are likely to be felt acutely in the following sectors:
Automotive (highest risk), with the likelihood of more frequent origin audits across manufacturers and suppliers.
Electronics, particularly those with components of Chinese origin.
Energy, as companies face mounting pressure to align with policy directives.
Agriculture, which intersects with two disputes—one between the U.S. and Canada regarding dairy access and another with Mexico over implementation gaps.
With that in mind, here are three stocks that carry explicit risk in the upcoming USMCA negotiations.
Ford Faces a High-Stakes USMCA Catalyst With Supply Chain ExposureFord Motor Co. NYSE: F is the company with the highest exposure of the three names in this article. The automaker assembles vehicles in Mexico and runs a deep cross-border supply chain.
Ford Motor Today
F
Ford Motor
$14.83 +0.12 (+0.80%)
As of 04:00 PM Eastern
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52-Week Range$10.38▼
$17.78Dividend Yield4.05%
Price Target$14.63
Under existing USMCA rules, vehicles imported from Mexico must have at least 75% of their value originating in North America to qualify for duty-free treatment. Any renegotiation that tightens the regional value content (RVC) threshold, the labor value content (LVC) rules, or introduces new restrictions on Chinese-origin components directly affects Ford's cost structure.
Ford has already been stockpiling USMCA-compliant parts and scrambling to audit its supplier tiers. A USITC 2025 report found that the rules of origin (ROOs) slightly reduced profits and production for U.S. automakers, which is why automakers are expected to push for ROO refinements as they adapt to EV growth and tariff changes.
Ford's more relevant near-term story may be the upside embedded in the tariff offset program. The April 2025 proclamation established an "import adjustment offset" equal to 3.75% of aggregate MSRP for all U.S.-assembled vehicles built through April 2026, stepping down to 2.5% for the May 2026–April 2027 window. Ford anticipates roughly $1 billion in tariff improvement year-over-year due to a full year's worth of credit expansion.
The USMCA review is, therefore, less a pure downside risk for Ford and more a binary catalyst. The extension strengthens the offset program's durability, which may not be priced into the stock; disruption calls its mechanics into question.
PACCAR’s U.S. Manufacturing Footprint Could Become a Competitive EdgeAnother name to watch among automotive stocks is PACCAR Inc. NASDAQ: PCAR. About 90% of PACCAR's U.S.-delivered trucks are manufactured in U.S. factories, but components come from Mexico, Canada, Asia, South America, and Europe. That means all are potentially subject to additional tariffs (PACCAR estimated roughly $75M in tariff costs in Q3 2025.
However, PACCAR's domestic assembly footprint could be a competitive hedge against rivals. Two competitors, Daimler Truck and Traton, build in Mexico and can sidestep certain levies, giving them a per-unit cost edge over U.S.-assembled trucks. Bernstein estimated a roughly 3% cost premium for USMCA-compliant Mexico-built trucks vs. U.S.-assembled trucks. A renegotiation that tightens ROO and raises labor or content requirements for Mexico-assembled trucks would narrow that competitor advantage. PACCAR's CEO has been actively working to boost sourcing of USMCA-certified parts to reduce long-term exposure.
Kraft Heinz Navigates Agricultural Risk and Cross-Border TensionsKraft Heinz NYSE: KHC is a consumer staples stock with exposure across two channels. It manufactures in Canada (and benefits from cross-border USMCA duty-free treatment). It also sources agricultural inputs from across the region.
Kraft Heinz Today
$24.39 +0.17 (+0.72%)
As of 04:00 PM Eastern
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52-Week Range$21.03▼
$29.19Dividend Yield6.56%
Price Target$22.69
Mexico and Canada remain two of the most important export markets for U.S. farm products such as corn, soybeans, meat, and dairy, and the United States Trade Representative (USTR) has expressed dissatisfaction with Canada's implementation of dairy access provisions.
A renegotiation that produces Canadian retaliation on agriculture or that disrupts KHC's Canadian manufacturing operations is the largest risk. Tariff-induced pressures have already caused a decline in Kraft Heinz's profitability and stock price, with internal strategic tensions noted.
However, KHC's partial natural hedge is that it manufactures in both the U.S. and Canada. That means it can lean on "Canadian-made" positioning in the event of consumer-level boycotts driven by trade friction.
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It has been about a month since the last earnings report for Paccar (PCAR - Free Report) . Shares have lost about 5% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Paccar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
PCAR Q1 Earnings Surpass Estimates on Higher Parts ProfitPACCAR delivered first-quarter 2026 earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.13 by 1.8%. The bottom line decreased 21.2% from $1.46 in the year-ago quarter.
Consolidated revenues (including trucks and financial services) were $6.78 billion, down from $7.44 billion in the corresponding quarter of 2025. The decline reflected lower industry volumes.
Sales from Truck, Parts and Other amounted to $6.23 billion. Global new truck deliveries totaled 33,100 units versus 40,100 a year ago.
PCAR’s Revenue Mix Tilts Toward TrucksBy business line, Truck sales were $4.53 billion versus $5.23 billion a year ago. Parts revenues rose to $1.71 billion from $1.69 billion reported in the year-ago period. Financial Services revenues increased to $542.2 million from $528 million. PACCAR Sees Improving Demand in Key Markets
The company expects a “positive inflection” in the U.S. and Canada truck market as freight rates improve amid reduced trucking capacity. For 2026, the company expects U.S. and Canada Class 8 industry retail sales in the range of 230,000-270,000 trucks.
In Europe, PACCAR projected above 16-tonne registrations of 280,000-320,000 trucks in 2026, while the comparable South American market is expected to be 100,000-110,000 trucks. The company also pointed to product initiatives, including new DAF XD, XF, XG and XG+ Electric offerings and Kenworth’s newly unveiled C580 vocational truck, with production slated to begin in January 2027.
PCAR Parts and Financing Remain Key Profit PillarsPACCAR Parts continued to be a major profit contributor, generating pretax income of $402.3 million in the quarter compared with $426.5 million a year ago. The segment’s performance improved due to investments in parts distribution centers, TRP all-makes parts and logistics capabilities supporting a broad dealer and service footprint.
PACCAR Truck's pre-tax income was $176.2 million, which decreased 51.7% year over year.
PACCAR Financial Services delivered pretax income of $115.5 million versus $121.1 million in the year-ago quarter. The business ended the period with a portfolio of 221,000 trucks and trailers and total assets of $22.3 billion, while PacLease’s fleet was about 37,000 vehicles. The company issued $400 million in medium-term notes during the first quarter.
PACCAR’s Costs and Other Items Shift Year Over YearWithin Truck, Parts and Other, the cost of sales and revenues were $5.42 billion, while research and development expense was $109.1 million and selling, general and administrative expense was $149.6 million. Truck, Parts and Other income before income taxes rose to $580.4 million from $438.2 million in the prior-year quarter.
A notable year-over-year swing came from “Interest and other (income) expense, net,” which was income of $21.3 million in the first quarter of 2026 compared with an expense of $325.8 million a year ago. The prior-year period included a $350.0 million charge related to civil litigation in Europe (EC-related claims). In Financial Services, provision for losses on receivables increased to $44.1 million from $18.3 million.
PCAR’s Cash Flow Stays Solid as Investment ContinuesPACCAR generated $971.8 million of cash provided by operations in the quarter, up from $910.3 million a year ago. The company invested $135.5 million in capital projects and declared a dividend of 33 cents per share.
On the balance sheet, cash and marketable securities were $8.60 billion as of March 31, 2026, compared with $9.25 billion as of Dec. 31, 2025, while stockholders’ equity increased to $19.76 billion from $19.26 billion over the same span. Looking ahead, the company expects 2026 capital expenditures of $725-$775 million and research and development expenses of $450-$500 million as it steps up investment in next-generation powertrains, connected vehicle services, expanded manufacturing capabilities and its autonomous vehicle platform.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -8.97% due to these changes.
VGM ScoresAt this time, Paccar has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock has a grade of B on the value side, putting it in the top 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Interestingly, Paccar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
In the latest close session, Paccar (PCAR - Free Report) was up +1.32% at $114.38. The stock exceeded the S&P 500, which registered a loss of 0.74% for the day. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.89%.
Shares of the truck maker witnessed a loss of 0.47% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 6.58%, and the S&P 500's gain of 5.39%.
Analysts and investors alike will be keeping a close eye on the performance of Paccar in its upcoming earnings disclosure. On that day, Paccar is projected to report earnings of $1.32 per share, which would represent a year-over-year decline of 3.65%. Our most recent consensus estimate is calling for quarterly revenue of $7.1 billion, up 1.92% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.59 per share and a revenue of $28.14 billion, representing changes of +11.58% and +7.27%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Paccar. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% downward. Paccar presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Paccar is currently being traded at a Forward P/E ratio of 20.2. This valuation marks a premium compared to its industry average Forward P/E of 19.84.
It is also worth noting that PCAR currently has a PEG ratio of 1.05. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PCAR's industry had an average PEG ratio of 0.94 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
In the latest trading session, Paccar (PCAR - Free Report) closed at $119.69, marking a +1.06% move from the previous day. This move outpaced the S&P 500's daily loss of 0.26%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq lost 0.97%.
Prior to today's trading, shares of the truck maker had gained 4.85% outpaced the Auto-Tires-Trucks sector's loss of 2.65% and the S&P 500's gain of 0.23%.
Market participants will be closely following the financial results of Paccar in its upcoming release. The company is expected to report EPS of $1.32, down 3.65% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.1 billion, up 1.92% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.59 per share and a revenue of $27.7 billion, indicating changes of +11.58% and +5.59%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Paccar. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.21% lower. Paccar is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Paccar is currently being traded at a Forward P/E ratio of 21.19. Its industry sports an average Forward P/E of 19.26, so one might conclude that Paccar is trading at a premium comparatively.
One should further note that PCAR currently holds a PEG ratio of 1.1. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Domestic industry had an average PEG ratio of 0.92 as trading concluded yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 169, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PCAR in the coming trading sessions, be sure to utilize Zacks.com.
Wheaton Precious Metals Corp. (WPM - Free Report) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +11.20%. A quarter ago, it was expected that this company would post earnings of $0.93 per share when it actually produced earnings of $1.22, delivering a surprise of +31.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Wheaton Precious Metals, which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $901.47 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 13.44%. This compares to year-ago revenues of $470.41 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Wheaton Precious Metals shares have added about 14.5% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for Wheaton Precious Metals?While Wheaton Precious Metals has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Wheaton Precious Metals was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.16 on $761.41 million in revenues for the coming quarter and $4.88 on $3.4 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Sigma Lithium Corporation (SGML - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 15.
This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +200%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Sigma Lithium Corporation's revenues are expected to be $35.4 million, down 25.7% from the year-ago quarter.
Wheaton Precious Metals Corp. (WPM - Free Report) reported $901.47 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 91.6%. EPS of $1.28 for the same period compares to $0.55 a year ago.
The reported revenue represents a surprise of +13.44% over the Zacks Consensus Estimate of $794.66 million. With the consensus EPS estimate being $1.15, the EPS surprise was +11.2%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wheaton Precious Metals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Units Produced - GEOs produced: 211.95 Oz versus the four-analyst average estimate of 198.74 Oz.Average Realized Price Per Unit - Silver: $84.5 per ounce versus $66 per ounce estimated by four analysts on average.Average Realized Price Per Unit - Gold: $4849 per ounce versus $4407.5 per ounce estimated by four analysts on average.Units Sold - Silver: 5,049.00 Oz compared to the 5,046.47 Oz average estimate based on three analysts.Sales- Silver: $426.77 million versus the eight-analyst average estimate of $276.12 million. The reported number represents a year-over-year change of +194.5%.Sales- Gold: $461.04 million versus $415.52 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +44.2% change.Sales- Cobalt: $8.75 million versus the eight-analyst average estimate of $11.82 million. The reported number represents a year-over-year change of +157%.Sales- Palladium: $4.91 million versus the eight-analyst average estimate of $3.96 million. The reported number represents a year-over-year change of +107%.Sales- Gold- Stillwater: $6.75 million compared to the $6.34 million average estimate based on seven analysts. The reported number represents a change of +20.7% year over year.Sales- Silver- Antamina: $127.01 million compared to the $76.23 million average estimate based on seven analysts. The reported number represents a change of +348.6% year over year.Sales- Silver- Constancia: $56.94 million versus $30.92 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +143.6% change.Sales- Gold- Constancia: $52.73 million versus the seven-analyst average estimate of $19.52 million. The reported number represents a year-over-year change of +87.5%.View all Key Company Metrics for Wheaton Precious Metals here>>>
Shares of Wheaton Precious Metals have returned -4% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
, /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") announces that the nominees listed below were elected to the Board of Directors at the 2026 Annual and Special Meeting of Shareholders. Detailed results of the vote for the Board of Directors of the Company are shown below.
As part of the previously announced leadership transition, Randy V.J. Smallwood has assumed the role of non-executive Chair of the Board, Haytham Hodaly has become a Director and George L. Brack has assumed the role of Lead Independent Director.
Detailed results of the vote for the Board of Directors of the Company are shown below.
2026 Annual and Special Meeting of Shareholders Voting Results
Nominee
Votes For
% For
Votes Withheld
% Withheld
George L. Brack
333,711,486
97.13 %
9,848,246
2.87 %
Jaimie Donovan
339,995,576
98.96 %
3,564,156
1.04 %
Chantal Gosselin
324,705,766
94.51 %
18,853,966
5.49 %
Haytham Hodaly
342,885,572
99.80 %
674,160
0.20 %
Jeane Hull
339,900,004
98.93 %
3,659,728
1.07 %
Glenn Ives
343,067,103
99.86 %
492,629
0.14 %
Charles A. Jeannes
338,028,776
98.39 %
5,530,956
1.61 %
Marilyn Schonberner
339,912,698
98.94 %
3,647,034
1.06 %
Randy V.J. Smallwood
332,281,297
96.72 %
11,278,435
3.28 %
Srinivasan Venkatakrishnan
336,269,112
97.88 %
7,290,620
2.12 %
The following matters were also approved by shareholders at the 2026 Annual and Special Meeting of Shareholders:
the non-binding advisory resolution accepting the Company's approach to executive compensation was carried with 95.16% of the votes cast in favour of such resolution. SOURCE Wheaton Precious Metals Corp.
On May 11, 2026, Wheaton Precious Metals Corp WPM shares rose 3.6% to $143.80. Over the past week, the stock has experienced a significant increase of 15.8%, despite a slight decline of 0.7% in the past month. Year-to-date, shares are up 22.6% and have soared 68.8% over the last year, with a 52-week high of $165.76 and a low of $75.42.
GF Value™ verdict: Current price of $143.80 is 8.4% below the GF Value™ estimate of $157.00, indicating it is undervalued.GF Score™ of 93/100 suggests a strong overall performance and potential for long-term returns.Financial strength is rated at 10/10, indicating a robust financial position with low risk of financial distress. Is WPM Overvalued or Undervalued? The current price of Wheaton Precious Metals Corp WPM at $143.80 is positioned 8.4% below the GF Value™ estimate of $157.00, highlighting a potential undervaluation. This margin of safety may present an opportunity for investors, as the stock is assessed as fairly valued according to the GF Valuation label. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
Being undervalued suggests that WPM could be seen as a bargain given its intrinsic value, but investors should remain cautious about market volatility and external economic factors that may impact stock performance in the future. The strong financial metrics and positive growth indicators offer a favorable outlook, yet the caveat remains that market conditions can change rapidly.
How Does WPM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 36.3x 36.4x Forward P/E 27.9x - WPM's current P/E (TTM) of 36.3x is nearly identical to its 5-year median P/E of 36.4x, indicating the stock is trading at a similar valuation level compared to its historical average. Additionally, the lower forward P/E of 27.9x suggests that earnings growth expectations may be favorable. This P/E analysis aligns with the GF Value™ verdict of undervaluation, as the current trading multiples indicate potential upside relative to intrinsic value.
What Does WPM's GF Score™ Tell Us? Metric Rating GF Score™ 93 Financial Strength 10/10 Profitability 9/10 Growth 10/10 Valuation 10/10 Momentum 3/10 The GF Score™ of 93/100 indicates a strong overall performance across key metrics, particularly in Financial Strength, Growth, and Valuation, which are rated 10/10. This suggests that WPM is well-positioned for future success. However, the momentum score of 3/10 reflects a weaker performance in recent price movement, which could indicate volatility or an adjustment phase after significant gains. Overall, the high scores in financial health and growth potential position WPM favorably for long-term investors.
What Are Insiders Doing with WPM Stock? In the past three months, there have been no insider transactions reported for Wheaton Precious Metals Corp WPM . This lack of activity may suggest that insiders are content with the current state of the company or are awaiting more favorable market conditions to make moves. The absence of insider buying or selling can also indicate a stable outlook from those closest to the company.
What This Means for Investors Based on the GF Value™ assessment, Wheaton Precious Metals Corp WPM appears to be undervalued at the current price of $143.80. This presents a potential opportunity for investors, but they should remain vigilant regarding market dynamics that could influence stock performance.
For the complete analysis, visit the Wheaton Precious Metals Corp WPM stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is WPM's GF Score™?
WPM's GF Score™ is 93/100, indicating a strong overall performance that suggests potential for higher long-term returns.
Is WPM overvalued or undervalued?
WPM is currently undervalued, with a GF Value™ estimate indicating a potential upside of 8.4% from the current price.
What is WPM's P/E ratio?
WPM has a P/E (TTM) of 36.3x, which is consistent with its 5-year median P/E of 36.4x, suggesting the stock is trading at a historical valuation level.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways Wheaton Precious Metals Q1 earnings jumped 132% y/y to $1.28 per share, beating estimates by 11.3%.WPM revenues jump 91.6% y/y to a record $901M, driven by a 98% surge in realized gold-equivalent prices.WPM saw higher output from key assets, while cash flow hit a record $766M, boosting liquidity and dividends. Shares of Wheaton Precious Metals Corp. (WPM - Free Report) gained 7% since it delivered adjusted earnings of $1.28 per share on Thursday, marking a year-over-year upsurge of 132.2%. The bottom line also surpassed the Zacks Consensus Estimate of $1.15 by 11.3%
Revenues were a record $901 million, up 91.6% from the year-ago quarter and beating the Zacks Consensus Estimate of $767 million. Gold-equivalent production rose 21.5% to 211,951 ounces, reflecting stronger output from key partner assets. Our projection was 201,377 ounces.
WPM’s Revenue Mix Benefits From Price StrengthWheaton Precious Metals’s quarterly revenues reflected a sharp rise in realized pricing across its metal mix. The record revenues were driven primarily by a 98% jump in the average realized gold-equivalent price, partly offset by 3% lower gold-equivalent ounces sold.
Sales were diversified, with gold accounting for 51% of revenues and silver 47%, while palladium and cobalt each contributed 1%.
Wheaton Precious Metals’ Volumes Show Production UpsideOperating performance was supported by higher attributable output, led by stronger contributions from Peñasquito, Antamina and Blackwater, along with the recommencement of production at Aljustrel. The company also cited Salobo’s outperformance in its opening-quarter commentary.
Despite the production gain, gold-equivalent ounces sold declined year over year to 181,743. We predicted gold-equivalent ounces sold to be 156,429 for the quarter.
Produced but not yet delivered inventory climbed to about 183,500 GEOs as of March 31, representing 2.8 months of payable production and sitting at the mid-point of the company’s guided range.
WPM’s Cost Profile Pressures Cash Costs but Lifts ProfitAverage cash costs increased to $681 per GEO from $392 a year ago, reflecting higher production payments under Wheaton Precious Metals’ streaming agreements as prices rose. Even with the higher cash costs, the cash operating margin expanded to $4,279 per GEO sold, soaring 103% year over year on the strength of realized prices.
The quarter’s gross profit was $699.4 million, more than doubling from the prior-year level.
Wheaton Precious Metals’ Liquidity & Cash Flow SurgeCash generated from operating activities was a record $766 million in the quarter, with WPM attributing the year-over-year increase primarily to a higher gross margin. The strong cash generation supported a sharply higher cash balance, with cash and cash equivalents at $2.2 billion at the quarter end compared with $1.15 billion at the end of 2025.
Shareholder returns also moved higher as Wheaton Precious Metals declared a quarterly dividend of 19.5 cents per share, an 18% increase from the prior-year quarter.
WPM’s OutlookFor 2026, Wheaton Precious Metals reiterated attributable production guidance of 860,000 to 940,000 GEOs, and continues to forecast annual production growth to 1.2 million GEOs by 2030, with the longer-term profile supported by projects advancing through construction and ramp-up.
Wheaton Precious Metals’ Price PerformanceWPM shares have grown a whopping 83.4% in the past year compared with the industry’s 63.4% surge. During this time, the Basic Materials sector has jumped 49.1%, whereas the S&P 500 has grown 33.4%.
Image Source: Zacks Investment Research
WPM’s Zacks RankWheaton Precious Metals currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Mining Stocks in Q1Kinross Gold Corporation (KGC - Free Report) registered adjusted earnings of 71 cents per share in the first quarter of 2026, up from the prior-year quarter’s earnings of 30 cents. The bottom line beat the Zacks Consensus Estimate of 68 cents.
Kinross Gold’s revenues surged roughly 61% year over year to $2.41 billion in the first quarter. The figure beat the Zacks Consensus Estimate of $2.17 billion. The rise is attributed to higher average realized gold prices.
Agnico Eagle Mines Limited (AEM - Free Report) earnings were $3.40 per share in first-quarter 2026, up from $1.53 a year ago, beating the Zacks Consensus Estimate of $3.19. Agnico Eagle Mines generated revenues of $4.09 billion, up 66.1% year over year. The top line surpassed the Zacks Consensus Estimate of $3.84 billion.
Newmont Corporation’s (NEM - Free Report) adjusted earnings surged 132% year over year to $2.90 per share and topped the Zacks Consensus Estimate of $2.07. Including one-time items, Newmont reported earnings of $3 per share compared with $1.68 in the year-ago quarter.
Newmont’s revenues for the first quarter were $7.31 billion, up 45.9% year over year. The figure beat the Zacks Consensus Estimate of $6.36 billion. Average realized prices were up 66% to $4,900 per ounce, which helped offset the impacts of a 15% drop in sales volumes to 1.232 million ounces.
Wheaton Precious Metals delivered a standout Q1, with revenue up 91.6% and margins expanding sharply on robust gold and silver prices. The BHP Antamina silver deal boosts WPM's production share to 67.5%, adding $1.0–1.1 billion in high-margin annual revenue and supporting long-term cash flow. Despite a 12% share price pullback, WPM's premium valuation is justified by superior growth, profitability, and minimal debt; I rate it Buy with a $159 target (10.5% upside).
Investors looking for stocks in the Mining - Miscellaneous sector might want to consider either Glencore PLC (GLNCY - Free Report) or Wheaton Precious Metals Corp. (WPM - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Right now, Glencore PLC is sporting a Zacks Rank of #1 (Strong Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that GLNCY likely has seen a stronger improvement to its earnings outlook than WPM has recently. But this is just one factor that value investors are interested in.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
GLNCY currently has a forward P/E ratio of 13.58, while WPM has a forward P/E of 29.13. We also note that GLNCY has a PEG ratio of 0.30. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. WPM currently has a PEG ratio of 2.74.
Another notable valuation metric for GLNCY is its P/B ratio of 2.79. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, WPM has a P/B of 6.99.
Based on these metrics and many more, GLNCY holds a Value grade of B, while WPM has a Value grade of F.
GLNCY stands above WPM thanks to its solid earnings outlook, and based on these valuation figures, we also feel that GLNCY is the superior value option right now.
3 Contrarian "Buy the Dip" Picks—and One Area to AvoidWheaton Precious Metals NYSE: WPM reported a record first quarter of 2026, with management citing stronger-than-expected contributions from Salobo and Penasquito, higher commodity prices and continued progress on a series of growth transactions.
President and Chief Executive Officer Haytham Hodaly, speaking on his first quarterly conference call in the role, said the company delivered “record quarterly revenue, earnings, and cash flow” while continuing to expand its streaming and royalty portfolio. Hodaly highlighted the recently completed Antamina silver stream with BHP as the largest transaction in Wheaton’s history and the largest precious metal streaming transaction ever completed.
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Silver Hits $95—These 3 Miners Could Outrun the Metal“Antamina is one of the world's premier base metal operations with a long track record of strong performance, significant exploration potential, and a demonstrated ability to replace reserves and extend mine life,” Hodaly said.
Production Rises as Salobo and Penasquito Outperform Vice President of Mining Operations Wes Carson said Wheaton produced 212,000 gold equivalent ounces, or GEOs, in the quarter, up 22% from the prior year. The increase was driven primarily by stronger performance at Salobo and Penasquito.
Gold, Silver, and Copper Are Surging—Here Are 3 Smart Ways to Play ItSalobo generated 69,000 ounces of attributable gold production, down about 3% year over year due to lower grades, partly offset by higher throughput and recoveries. Carson said Vale Base Metals continues to advance coarse particle flotation as a key near-term growth initiative at Salobo, supporting a planned expansion of Salobo III from 12 million tonnes per year to 18 million tonnes per year and targeting total throughput of 42 million tonnes per year by 2029.
During the question-and-answer session, Carson said Wheaton does not expect changes to its 2026 Salobo outlook as a result of the longer-term upgrades. Hodaly added that Wheaton does not have additional capital requirements tied to the Salobo expansion work.
Antamina produced 1.6 million ounces of attributable silver in the first quarter, up approximately 48% from the prior year due to higher grades and improved recoveries. Carson said attributable production is expected to increase significantly beginning in the second quarter, reflecting the addition of the BHP stream, which became effective April 1.
Penasquito produced 2.6 million ounces of attributable silver, a 46% year-over-year increase, supported by higher grades and improved recoveries. Management said production from Penasquito is expected to be lower in the second quarter because of reduced grades and lower throughput related to plant maintenance.
Blackwater produced 129,000 ounces of attributable silver and 5,000 ounces of attributable gold. Carson said Blackwater experienced a seven-day unplanned mill shutdown during the quarter due to a ball mill gearbox failure.
Record Revenue, Earnings and Cash Flow Chief Financial Officer Vincent Lau said sales volumes totaled 182,000 GEOs, down 3% from the prior year because of an increase in produced but not yet delivered, or PBND, ounces. The PBND balance stood at approximately 184,000 GEOs at quarter-end, representing 2.8 months of payable production.
Lau said Wheaton expects PBND levels to remain between 2.5 months and 3.5 months for the rest of 2026, with the upper end reflecting possible impacts from ramp-up activity at new mines.
Revenue rose 92% year over year to a record $901 million, driven primarily by a 98% increase in the average realized gold equivalent price. Gold accounted for 51% of revenue, silver accounted for 47%, and the remainder came from palladium and cobalt.
Net earnings increased 129% to a record $582 million, while adjusted net earnings rose 132% to a record $583 million. Operating cash flow climbed 112% from the prior year to a record $766 million.
Wheaton ended the quarter with $2.2 billion in cash. Lau said the company also monetized part of its long-term investment portfolio, generating $323 million in proceeds and a $150 million gain, and used the capital to help fund the Antamina BHP stream.
Antamina Financing Moves Wheaton Into Net Debt Position Following quarter-end, Wheaton funded a $4.3 billion upfront payment to BHP for 33.75% of the silver produced at Antamina. Lau said the payment was funded through cash on hand, a draw on the company’s previously undrawn $2 billion revolving credit facility and a new $1.5 billion term loan.
After the payment, Wheaton moved into a pro forma net debt position of $2.1 billion. Lau said that level represented a leverage ratio of about 0.7 times based on annualized first-quarter 2026 EBITDA.
In response to an analyst question, Lau said the debt service cost on the bank loan and revolving credit facility would be about a 5% interest rate. He also said the second quarter will include several large cash outflows, including the Antamina payment, two dividends and an approximately $150 million global minimum tax payment, with more material debt repayment expected after the second quarter.
New Deals Add Australia Stream and British Columbia Royalty Vice President of Corporate Development Neil Burns said Wheaton entered into a definitive agreement with KGL Resources for a portion of gold and silver production from the Jervois project in Australia. The deal represents Wheaton’s first streaming transaction in Australia.
Under the agreement, Wheaton will purchase 75% of payable gold and silver until 45,000 ounces of gold and 4.3 million ounces of silver have been delivered. The stream then drops to 37.5% until an additional 15,000 ounces of gold and 1.7 million ounces of silver have been delivered, and then to 25% for the remaining life of mine. Wheaton will make ongoing payments equal to 20% of the spot price for delivered gold and silver ounces.
Burns said the Jervois project is fully permitted and positioned to begin construction imminently. He also described the asset as underexplored, with multiple deposits and targets along a 12-kilometer strike length.
Wheaton also entered into a definitive agreement with Spanish Mountain Gold to acquire a 1.5% net smelter return royalty on the Spanish Mountain project in British Columbia for $55 million in staged payments. Hodaly said in the Q&A session that Wheaton still prefers streams over royalties, but the Spanish Mountain royalty includes a right of first refusal on future stream financing.
Guidance Maintained, Deal Pipeline Remains Active Wheaton maintained its 2026 production guidance of 860,000 to 940,000 GEOs. Carson said production is expected to be weighted to the second half of the year, with about 45% in the first half and 55% in the second half. Drivers include mine sequencing at Salobo and Penasquito, the start of the Antamina BHP contract in the second quarter and ramp-up activity at newly operating assets.
Management reiterated its expectation that annual attributable production will grow by approximately 50% to 1.2 million GEOs by 2030, with production from 2031 through 2035 forecast to average about 1.2 million GEOs annually.
In discussing the transaction pipeline, Burns said Wheaton continues to see a robust set of opportunities, with the mix around 70% gold opportunities and 20% to 30% silver. He said many potential deals are in the $200 million to $500 million range, with a few possibly approaching $1 billion.
Hodaly said the Antamina transaction was unusual in scale and that he does not expect another $4 billion deal “around the corner.” However, he said BHP’s use of streaming could help validate the model for other diversified miners considering ways to unlock value or reduce leverage.
Hodaly closed the call by saying Wheaton’s strategy remains focused on disciplined growth through “high quality, low risk, long life, accretive precious metal streams” while using strong cash flow to pursue new opportunities and repay debt.
About Wheaton Precious Metals NYSE: WPMWheaton 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Wheaton Precious Metals Right Now?Before you consider Wheaton Precious Metals, you'll want to hear this.
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On May 15, 2026, Wheaton Precious Metals Corp WPM shares fell 6.4% today to a current price of $130.26. The stock has seen a 52-week range of $76.69 to $165.76, indicating significant volatility over the past year.
GF Value™ verdict: Current price at $130.26 is 11.8% below GF Value™ of $147.72.GF Score™ of 92/100 indicates a strong overall performance relative to peers.Notable signal: Financial Strength rated at 10/10, showcasing robust financial health. Is WPM Overvalued or Undervalued? Wheaton Precious Metals Corp WPM currently trades at $130.26, which is 11.8% undervalued compared to the GF Value™ estimate of $147.72. This price discrepancy suggests a potential margin of safety for investors looking at WPM as an investment opportunity. The GF Valuation label indicates that the stock is modestly undervalued, which may present an opportunity for those considering exposure to the metals and mining sector. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the undervaluation might suggest a favorable buying opportunity, it is essential to consider the broader market conditions and the company's operational performance. If WPM were to trade at or above GF Value™ in the future, it could indicate increased risk for investors, particularly if the market shifts or if the company's performance does not meet expectations.
How Does WPM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 32.9x 36.4x Forward P/E 25.2x N/A The current P/E ratio of 32.9x is below its 5-year median P/E of 36.4x, suggesting that the stock is trading at a lower valuation compared to its historical averages. The forward P/E of 25.2x further aligns with the notion that WPM is currently undervalued, supporting the GF Value™ verdict that indicates the stock is modestly undervalued. This P/E analysis reinforces the potential for price appreciation, assuming the company maintains its growth trajectory.
What Does WPM's GF Score™ Tell Us? Metric Rating GF Score™ 92 Financial Strength 10/10 Profitability 9/10 Growth 10/10 Valuation 10/10 Momentum 3/10 The GF Score™ of 92/100 indicates that Wheaton Precious Metals Corp excels in several key areas, particularly Financial Strength and Growth, both rated at 10/10. This suggests that the company is financially robust and has strong growth potential. However, the Momentum score of 3/10 highlights weaker performance in price momentum, which could be a concern for short-term investors. Overall, the strong ratings in financial health and growth present a favorable long-term outlook despite the current momentum challenges.
What Are Insiders Doing with WPM Stock? In the last three months, there have been no insider transactions reported for Wheaton Precious Metals Corp WPM . This lack of insider activity may suggest that insiders are not currently making significant moves, which could imply a wait-and-see approach regarding the stock's valuation and market conditions. Investors often view insider buying as a positive signal, while a lack of activity can lead to uncertainty about future performance.
What This Means for Investors Based on the GF Value™ assessment, Wheaton Precious Metals Corp WPM is currently undervalued, trading at 11.8% below its estimated fair value. This suggests a potential opportunity for long-term investors, given the strong financial fundamentals and growth prospects indicated by its high GF Score™. However, caution is warranted due to the low momentum rank and absence of insider activity.
For the complete analysis, visit the Wheaton Precious Metals Corp WPM stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is WPM's GF Score™?
WPM has a GF Score™ of 92/100, indicating strong overall performance in various key aspects relative to its peers.
Is WPM overvalued or undervalued?
WPM is currently undervalued, trading at 11.8% below its GF Value™ estimate of $147.72.
What is WPM's P/E ratio?
WPM's P/E (TTM) is 32.9x, which is below its 5-year median P/E of 36.4x, indicating that the stock is trading at a lower valuation than its historical averages.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
, /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the publication of its 2025 Sustainability Report.
"Sustainability considerations are embedded in our decision-making process and integral to how Wheaton evaluates opportunities, manages risk, and builds resilience," said Haytham Hodaly, President & Chief Executive Officer of Wheaton Precious Metals. "Our 2025 Sustainability Report reflects the results of an updated materiality assessment and includes Wheaton's progress across key performance metrics, program updates, and insights from our global portfolio of high-quality assets. From disciplined capital allocation to our support for local communities and innovation, strong sustainability practices enhance our ability to create long-term value for shareholders, mining partners, and host communities."
Wheaton's 2025 Sustainability Report
Wheaton's 2025 Sustainability Report provides a comprehensive overview of the company's sustainability performance, including progress against its strategy, targets, and commitments. The report outlines how sustainability considerations are managed and integrated across the organization. In 2025, Wheaton completed a refreshed double materiality assessment to identify and prioritize the sustainability topics most relevant to its business and stakeholders, considering both societal and environmental impacts and related financial risks and opportunities, which directly informed the report's disclosures.
Highlights include:
Recognized among Corporate Knights' Global 100 Most Sustainable Corporations and Canada's Best 50 Corporate Citizens. Delivered consistent top-tier ESG performance, maintaining an MSCI AAA rating, ISS ESG Prime status, and leading Sustainalytics rankings. Advanced innovation in sustainable mining through the Future of Mining Challenge, supporting technologies that reduce environmental impact and strengthen industry practices, which has awarded two companies to date with $1 million to advance their technologies. Continued to scale a peer-leading and growing community investment program, contributing $9.4 million in 2025 across more than 150 initiatives. Since inception, Wheaton has contributed over $62 million towards social and environmental programs. 71% of 2024 Scope 3 financed emissions covered by absolute emissions reductions targets aligned to 2°C or less. 95% of 2025 attributable production from operations committed to the Global Industry Standard on Tailings Management. Maintained strong oversight of sustainability performance across Wheaton's high-quality asset portfolio, actively monitoring key social and environmental indicators. Standards
Wheaton's Sustainability Report is informed by the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB) Asset Management and Metals and Mining Standards, and the Task Force on Climate-related Financial Disclosures (TCFD) framework.
About Wheaton Precious Metals Corp.
Wheaton Precious Metals is the world's premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements, Wheaton partners with mining companies to secure a portion of their future precious metals production. Committed to responsible mining practices, Wheaton employs industry-leading due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton's shares are listed on the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM. Learn more about Wheaton Precious Metals at www.wheatonpm.com or follow us on social media.
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to sustainability and climate change strategy, targets and commitments and climate scenario analysis by Wheaton and at mineral stream interests currently owned by Wheaton (the "Mining Operations"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including (without limitation) risks related to the ability to achieve sustainability and climate change strategy, targets and commitments at both Wheaton and the Mining Operations and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form for the year ended December 31, 2025 and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis for the year ended December 31, 2025, both available on SEDAR+ and in Wheaton's Form 6-K filed March 12, 2026, all available on EDGAR (the "Disclosure"). Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that sustainability and climate change strategy, targets and commitments at both Wheaton and the Mining Operations will be achieved, there will be no material adverse change in the market price of commodities, that estimations of future production from the Mining Operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, and such other assumptions and factors as set out in the Disclosure.
SHENZHEN, CHINA - APRIL 29: In this photo illustration, a smartphone displays the logo of Wheaton Precious Metals Corp. (NYSE: WPM), a Canada-based precious metals streaming company focused on silver, gold and other mining-related assets, in front of a screen showing the company's latest stock market chart on April 29, 2026, in Shenzhen, Guangdong Province, China. (Photo illustration by Cheng Xin/Getty Images)
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This article was written and reviewed by Doug Nathman and his team at Trefis. For questions, email [email protected]
Wheaton Precious Metals stock (NYSE: WPM) has just recorded the most significant quarter in its two-decade history. Revenue for Q1 2026 reached $901 million. Net income amounted to $582 million. Operating cash flow peaked at $766 million. All of these are records for a company that doesn’t run a single mine.
The stock reflected this positive trend. WPM was trading around $120 at the end of 2025 and jumped past $165 by early 2026, before retracting to a range of $125 to $130. Despite the retreat, the stock is still 50% above its value from a year ago.
The rationale is straightforward: gold and silver skyrocketed.
Wheaton operates as a streaming firm. It provides miners with upfront capital in return for the right to purchase future gold and silver outputs at predetermined low rates. Consequently, when metal prices rise, Wheaton's profit margins soar.
In Q1 2026, Wheaton paid approximately $570 per ounce for gold, selling it at an average price of $4,849. This results in a margin exceeding $4,200 per ounce. Silver pricing was even more volatile, averaging $84.52 per ounce for the quarter, which is a 161% increase compared to the previous year.
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The company was coming off an impressive 2025. Revenue for the entire year surged 80% to $2.3 billion. Gross margins increased by 108% to $1.67 billion. Production hit 690,000 gold equivalent ounces, surpassing guidance expectations.
See how Wheaton's financial metrics stack up against its competitors, including Newmont, Reliance, Hecla Mining, Barrick Mining, and Royal Gold.
Then came the most significant event. On April 1, 2026, Wheaton finalized a monumental $4.3 billion silver streaming agreement with BHP associated with the Antamina mine in Peru. This arrangement elevates Wheaton’s ownership of Antamina's silver yield to 67.5% for the entire mine's lifespan. It marks the largest precious metals streaming transaction ever executed.
Management maintained the production forecast for 2026 at 860,000 to 940,000 gold equivalent ounces. Looking ahead, Wheaton anticipates annual outputs exceeding 1.2 million GEOs between 2030 and 2035, bolstered by projects such as Blackwater, Goose, and Platreef.
See also, Plug Power's Hydrogen Investment Is Beginning to Seem Feasible Again.
The crucial factors to monitor now are metal pricing, production increases, and cash flow following the $4.3 billion arrangement. The stock has cooled from its previous highs, but for investors optimistic about gold and silver in the long run, Wheaton remains one of the most straightforward methods to engage with the market trend.
For investors looking to navigate this volatile commodities landscape without the guesswork, adopting a rule-based investing strategy offers a disciplined, data-driven framework, to capture these macro trends with minimized risk.
Gold is a commodity that you can easily buy. All you need to do is visit a coin shop and acquire a few gold coins. That's actually an expensive and inefficient option, but buying a gold-linked exchange-traded fund (ETF) such as SPDR Gold Trust (GLD 0.01%) isn't much better. Why? Because an ounce of gold can only ever be an ounce of gold. Here's the best way to invest in gold in 2026.
The no-growth gold mistake There's nothing wrong with buying gold bullion or a gold-linked ETF, per se. They provide direct exposure to the precious metal and, in the case of an ETF like SPDR Gold Trust, they are fairly easy to buy and sell. The problem is that you are entirely reliant on gold's price to determine your return. If you are speculating on the price of gold over the short term, that shouldn't be an issue. However, if you are a long-term investor looking to use gold as a diversification tool, you should probably go with another approach.
Image source: Getty Images.
One commonly chosen option is a gold miner like Newmont Mining (NEM +2.53%). A miner provides exposure to gold, and the business can grow over time by increasing production. Right now, Newmont is benefiting mightily from high gold prices, producing a record $3.1 billion in free cash flow in the first quarter of 2026. Buying a company like Newmont is not a bad choice, either, but operating a mining business is very difficult, capital-intensive, and generally leads to a fairly concentrated bet on a small number of mines.
Streaming and royalty companies could be better A better choice could be streaming and royalty companies like Franco-Nevada (FNV +0.96%), Royal Gold (RGLD +1.32%), and Wheaton Precious Metals (WPM +3.04%). From a top-level view, these companies provide cash up front to miners like Newmont in exchange for the right to buy gold at advantaged prices in the future. Essentially, streaming and royalty companies finance miners and are paid in gold and other precious metals.
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This arrangement means that Franco-Nevada, Royal Gold, and Wheaton all provide exposure to gold, the price of which will dictate their sales and earnings, just as it does for a miner. However, Franco-Nevada, Royal Gold, and Wheaton don't take on the risk of operating a mining business. Moreover, they tend to have very diversified streaming and royalty portfolios. Meanwhile, the ability to secure new streaming and royalty deals enables long-term growth. And their streaming and royalty deals normally lock in wide profit margins. This last one helps protect the business when gold prices fall, something that can lead to losses for a mining business if its cost structure is too high.
Learning about streaming is worth your effort If you haven't heard about streaming and royalty companies, you aren't alone. They are niche businesses that aren't exactly mainstream. However, long-term investors looking to add gold to the mix in 2026 likely won't regret taking the time to get to know Franco-Nevada, Royal Gold, and Wheaton. They have a differentiated business model that has served shareholders very well over time. That said, if you just want to speculate on the price of gold over the short-term, buy a gold-linked ETF.
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How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Wheaton Precious Metals Corp. (WPM - Free Report) Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt.
WPM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. WPM has a Growth Style Score of A, forecasting year-over-year earnings growth of 64% for the current fiscal year.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.37 to $4.97 per share. WPM boasts an average earnings surprise of +14.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, WPM should be on investors' short list.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Wheaton Precious Metals Corp. (WPM - Free Report) Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt.
WPM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Basic Materials stock. WPM has a Momentum Style Score of A, and shares are up 5.4% over the past four weeks.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.18 to $4.98 per share. WPM boasts an average earnings surprise of +14.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, WPM should be on investors' short list.
On June 03, 2026, we present a detailed DCF analysis for Wheaton Precious Metals Corp WPM , a company that has shown impressive price performance over the past year with a 42.8% increase. The current price stands at $130.31, and the market capitalization is $59,142 million. Here are some key points to consider:
DCF Earnings-based intrinsic value is $93.88, compared to the current price of $130.31, indicating a margin of safety of -26.5%. DCF FCF-based intrinsic value is significantly lower at $27.53, suggesting a second opinion on valuation. The GF Score™ is 91/100, indicating a high reliability of the DCF inputs. What Is WPM Worth? DCF Earnings-Based Model The DCF earnings-based model for Wheaton Precious Metals Corp utilizes a two-stage growth approach. In the first stage, we project earnings growth for the next ten years at a rate of 16.6%. In the second stage, we apply a terminal growth rate of 4% for the subsequent ten years. The discount rate used for both stages is set at 11%, which is derived from the risk-free rate and equity risk premium.
Parameter Value Current EPS (TTM, excl. non-recurring) $3.77 10-Year Growth Rate 16.6% 10-Year Treasury Rate 4.48% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the growth phase (Years 1-10), the EPS is projected to grow at 16.6% per year, discounted at 11%. The value derived from this stage is $49.97 per share. In the terminal phase (Years 11-20), the growth slows to a terminal rate of 4%, also discounted at 11%, yielding a value of $43.91 per share. The intrinsic value is calculated by summing the growth stage and terminal stage values:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 16.6%, discounted at 11% $49.97 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $43.91 Intrinsic Value Growth + Terminal $93.88 With the current price at $130.31 and the intrinsic value calculated at $93.88, Wheaton Precious Metals appears to be fairly valued, with a margin of safety of -26.5%. It is important to note that GuruFocus uses EPS without non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For further analysis, visit the WPM DCF Calculator.
What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for Wheaton Precious Metals is calculated at $27.53. This value is significantly lower than the earnings-based intrinsic value of $93.88, indicating a substantial disagreement between the two models. The FCF model suggests that the stock is significantly overvalued, with a margin of safety of -373.3%.
How Does GF Value™ Compare to the DCF Models? The GF Value™ for Wheaton Precious Metals is calculated at $162.13, suggesting that the stock is undervalued by 19.6%. GF Value™ is GuruFocus' proprietary measure, which is derived from historical trading multiples, past business growth, and future performance estimates. In summary, while the DCF earnings and FCF models indicate fair valuation and overvaluation respectively, the GF Value™ presents a contrasting view of undervaluation. For more insights, check the GF Value™ page.
What Does WPM's GF Score™ Tell Us? The GF Score™ for Wheaton Precious Metals is 91/100, indicating strong performance across various metrics. The GF Score™ ranks stocks based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have historically generated higher long-term returns. Here is a summary of WPM's GF Score™ metrics:
Metric Rating GF Score™ 91/100 Financial Strength 10/10 Profitability 9/10 Growth 10/10 Valuation 8/10 Momentum 3/10 WPM has a predictability rating of 0/5 stars, which indicates that the DCF model may be less reliable for this stock. For further details, visit the WPM stock page.
Key Assumptions and Limitations It is important to note that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as Wheaton Precious Metals, tend to produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% used in this analysis is a simplifying assumption that may not accurately reflect future conditions.
What This Means for Investors In conclusion, the three valuation models present a mixed picture for Wheaton Precious Metals. The DCF earnings model suggests the stock is fairly valued, while the FCF model indicates significant overvaluation. The GF Value™ suggests the stock is undervalued. Overall, investors should consider the mixed signals from these models before making investment decisions. For the full DCF analysis, visit the WPM DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.
Frequently Asked Questions What is WPM's intrinsic value based on DCF?
WPM's intrinsic value based on the earnings-based DCF is $103.02, while the FCF-based intrinsic value is $27.53.
Is WPM overvalued or undervalued?
Based on the DCF earnings model, WPM is fairly valued, while the FCF model suggests it is significantly overvalued. The GF Value™ indicates it is undervalued.
How reliable is the DCF model for WPM?
The DCF model for WPM has a predictability rank of 0/5, indicating that it may be less reliable for this stock.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
, /PRNewswire/ - Advancing into its third year, Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the return of its Future of Mining Challenge, calling on innovators worldwide to propose solutions that optimize mining and address land impacts.
"Mining resources underpin nearly every sector, and as global demand grows, the need to produce them responsibly has never been greater," said Haytham Hodaly, President and Chief Executive Officer of Wheaton. "We believe innovation is key to improving efficiency, enhancing performance, and reducing environmental impacts. The third edition of the Future of Mining Challenge is focused on advancing solutions that optimize mining methods and reduce impacts on land. We have been encouraged by the creativity and progress of past participants and look forward to the ideas this year's challenge will bring."
For the 2026/2027 challenge, Wheaton will award US$1 million to a cleantech venture with an innovative technology that seeks to either strengthen orebody knowledge or improve extraction methods.
"It is remarkable to see how far mining has advanced, driven by the ingenuity of entrepreneurial minds committed to progressing the industry forward," said Patrick Drouin, Chief Sustainability Officer of Wheaton. "By backing bold, early-stage technologies, we hope to accelerate the next generation of solutions that improve performance and reduce environmental impact."
Wheaton invites cleantech innovators worldwide to participate in its Future of Mining Challenge and will accept expressions of interest until 11:59 p.m. (Pacific Time) on Friday, August 21, 2026. Once all expressions of interest have been reviewed, Wheaton will invite select ventures to submit a full application in September 2026. An information session will be held in early July to provide guidance for applicants and address questions on the process.
Once again, Wheaton is collaborating with the University of British Columbia's Sauder School of Business, working closely with a team that brings deep expertise in venture building and early-stage innovation support. The winner of the 2026/2027 Future of Mining Challenge will be announced in March 2027 during the PDAC Convention in Toronto, the largest mining conference in the world.
The 2025/2026 Future of Mining Challenge, announced earlier this year, focused on sustainable water management. Cetos Water was named the winner and awarded US$1 million in recognition of its innovative technology, which transforms wastewater generated by mining operations into clean, reusable water.
For more information about Wheaton's Future of Mining Challenge and how to submit an expression of interest, please visit www.futureofmining.ca.
About Wheaton Precious Metals Corp.
Wheaton Precious Metals is the world's premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements, Wheaton partners with mining companies to secure a portion of their future precious metals production. Committed to responsible mining practices, Wheaton employs industry-leading due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton's shares are listed on the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM. Learn more about Wheaton Precious Metals at www.wheatonpm.com or follow us on social media.
Cautionary Note Regarding Forward Looking-Statements
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to innovative mining technology, the potential success of that technology, and its ability to be commercialized, ESG and climate change strategy, targets and commitments and climate scenario analysis by Wheaton and at mineral stream interests currently owned by Wheaton (the "Mining Operations"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including (without limitation) risks relates to the ability to identify innovative mining technology, the potential success of that technology and the ability to commercialize that technology, risks related to the ability to achieve ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form for the year ended December 31, 2025 and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2025, both available on SEDAR+ and in Wheaton's Form 6-K filed March 12, 2026, all available on EDGAR (the "Disclosure"). Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that Wheaton will be able to identify innovative mining technology, ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations will be achieved, there will be no material adverse change in the market price of commodities, that estimations of future production from the Mining Operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, and such other assumptions and factors as set out in the Disclosure.
Investors interested in Mining - Miscellaneous stocks are likely familiar with Norsk Hydro ASA (NHYDY - Free Report) and Wheaton Precious Metals Corp. (WPM - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Norsk Hydro ASA and Wheaton Precious Metals Corp. are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. This means that NHYDY's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
NHYDY currently has a forward P/E ratio of 10.75, while WPM has a forward P/E of 25.78. We also note that NHYDY has a PEG ratio of 0.85. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. WPM currently has a PEG ratio of 2.42.
Another notable valuation metric for NHYDY is its P/B ratio of 2.45. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, WPM has a P/B of 6.31.
These are just a few of the metrics contributing to NHYDY's Value grade of B and WPM's Value grade of F.
NHYDY stands above WPM thanks to its solid earnings outlook, and based on these valuation figures, we also feel that NHYDY is the superior value option right now.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Wheaton Precious Metals Corp. (WPM - Free Report) Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt.
WPM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. WPM has a Growth Style Score of A, forecasting year-over-year earnings growth of 64.4% for the current fiscal year.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.21 to $4.98 per share. WPM also boasts an average earnings surprise of +14.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, WPM should be on investors' short list.
TURIN, Italy--(BUSINESS WIRE)--Sytel Reply, the Reply Group company specialized in subscription management, billing transformation and revenue management platforms, has been recognized by Zuora as its 2025 EMEA RSI Partner of the Year for its expertise in Zuora implementation and strategic consulting in monetization across the EMEA region.
The recognition highlights more than a decade of experience on the Zuora platform and a dedicated center of excellence comprising certified specialists in subscription management, revenue recognition, billing optimization and financial analytics. Sytel Reply supports organizations in designing scalable subscription- and usage-based models, translating complex business requirements into efficient and compliant revenue architectures.
As AI evolves from experimentation to a core component embedded within enterprise processes, monetization is becoming a strategic priority. Artificial Intelligence is increasingly acting as an intelligent decision-making layer across customer service, supply chain, revenue management and operations. In this context, measuring consumption alone — whether tokens, API calls or compute usage — is no longer sufficient. What matters is understanding the value generated, in terms of revenue enabled or protected, operational efficiencies achieved and customer impact delivered.
Capturing the real economic value of AI therefore requires monetization models aligned with measurable business outcomes, revenue performance and operational impact. This paradigm shift makes modern billing and revenue management platforms essential, enabling flexible, hybrid and outcome-driven models.
Zuora’s capabilities — including subscription-based pricing, usage-based billing, hybrid models, dynamic contract management and revenue recognition — provide the foundation for scalable AI-as-a-Service offerings. Sytel Reply enhances these capabilities through its AI Agentic Framework, introducing intelligent orchestration, KPI monitoring and performance-based monetization logic that directly links AI-generated outcomes to revenue models.
Since 2025, Sytel Reply, together with Revise Reply, the Reply Group company specialized in revenue management, is supporting Zuora-based transformation programs for leading enterprise customers in Italy and across EMEA, contributing to the evolution of their monetization strategies and the development of new revenue streams.
By combining deep platform expertise, revenue model design capabilities and advanced AI solutions, Sytel Reply and Revise Reply position themselves as strategic partners for organizations seeking to evolve their business models and transform AI adoption into tangible and sustainable economic value.
Sytel Reply
Sytel Reply specializes in the Telecommunications, Media and Entertainment (TM&E) markets. The company mission is to support clients during their technology and business innovation processes by planning, developing and managing solutions for Networking, BSS, OSS and Mobile Applications within the TM&E service provider market. Sytel Reply, thanks to its in-depth competence and experience, boasts a team of highly skilled professionals able to manage any end-to-end business and technology transformation programmes. https://www.reply.com/sytel-reply/en
Revise Reply
Revise Reply specializes in Revenue Management, billing transformation and monetization strategy. The company supports enterprises and ISVs in optimizing the entire revenue lifecycle by combining expertise in subscription and usage-based billing platforms with advanced AI-driven capabilities. Beyond traditional Revenue Assurance, Revise Reply also supports enterprises and ISVs in monetizing AI services at scale. Through modern subscription architectures and Agentic AI frameworks, Revise Reply enables flexible pricing models — including subscription, pay-as-you-go, hybrid and outcome-based approaches — and supports scalable, end-to-end quote-to-cash transformation programs.
March 17, 2026 17:54 ET | Source: Acrivon Therapeutics, Inc
ACR-368, a CHK1/2 inhibitor in a registrational-intent Phase 2b study, showed potent preclinical synergy with Topoisomerase 1 (Topo 1) inhibitors, commonly used payloads in antibody-drug conjugates (ADCs)
ACR-2316, a WEE1/PKMYT1 inhibitor currently in Phase 1, demonstrated complete and durable tumor regression in immunocompetent, syngeneic tumor mouse models in combination with anti-PD-L1 checkpoint inhibition
WATERTOWN, Mass., March 17, 2026 (GLOBE NEWSWIRE) -- Acrivon Therapeutics, Inc. (“Acrivon” or “Acrivon Therapeutics”) (Nasdaq: ACRV), a clinical stage biotechnology company discovering and developing precision medicines utilizing its proprietary Generative Phosphoproteomics AP3 (Acrivon Predictive Precision Proteomics) platform deployed for rational drug design and predictive clinical development, today announced three poster presentations, including one late-breaking presentation, at the upcoming American Association for Cancer Research (AACR) Annual Meeting being held in San Diego, CA from April 17-22, 2026.
“These data further demonstrate our differentiated approach leveraging our AP3 platform to identify therapeutic candidates and combinations with the greatest potential for clinical impact,” said Peter Blume-Jensen, M.D., Ph.D., chief executive officer, president, and co-founder of Acrivon. “Our data show that a key resistance mechanism to Topo1 inhibitors, the most common ADC payload, is the activation of the CHK1/2 DNA damage repair response, which can be overcome by ACR-368 treatment resulting in synergistic tumor cell killing. We also found that ACR-2316 induced mitochondrial and nuclear genomic damage resulting in activation of the innate and adaptive immune system, leading to complete tumor regression and lasting immune protection in mice when combined with immune checkpoint inhibition.”
Poster Details:
TitlePotent synergy between CHK1/2 inhibitor ACR-368 and the ADC payload topoisomerase 1 inhibitor: Rationale for ADC + ACR-368 combination therapyDate and TimeSunday, April 19, 2026; 2:00 p.m. - 5:00 p.m. PTSessionExperimental and Molecular Therapeutics: DNA Damage and Repair 1Poster Number 239 TitleACR-368 synergizes with PD-L1 blockade by coordinated activation of adaptive and innate immunity pathways to achieve robust anti-tumor efficacyDate and TimeMonday, April 20, 2026; 9:00 a.m. - 12:00 p.m. PTSessionLate-Breaking Research: Immunology 2Poster NumberLB152 TitleTreatment with ACR-2316, a potential first- and best-in-class WEE1/PKMYT1 inhibitor, combined with anti-PD-L1 induces complete tumor regression with durable immune memoryDate and TimeMonday, April 20, 2026; 2:00 p.m. - 5:00 p.m. PTSessionClinical Research: Combination ImmunotherapiesPoster Number3789
About Acrivon Therapeutics
Acrivon is a clinical stage biopharmaceutical company discovering and developing precision medicines utilizing its proprietary Generative Phosphoproteomics AP3 platform. The platform allows the company to interpret and quantify compound specific, drug-regulated pathway activity levels inside the intact cell in an unbiased manner, yielding terabytes of proprietary data and delivering rapid, actionable insights. The Generative Phosphoproteomics AP3 platform is comprised of a growing suite of powerful, internally-developed tools, including the AP3 Data Portal, converting multimodal data into structured data for generative AI analyses, the AP3 Kinase Substrate Relationship Predictor and the AP3 Interactome. These distinctive capabilities enable the company to go beyond the limitations of traditional drug discovery, as well as current AI-based target-centric drug discovery, and rapidly design highly differentiated compounds with desirable pathway effects through intracellular protein network analyses and advance these agents into the clinic for streamlined development.
Acrivon is currently advancing its lead program, ACR-368 (also known as prexasertib), a selective small molecule inhibitor targeting CHK1 and CHK2 in a potentially registrational Phase 2 trial for endometrial cancer. The company has received Fast Track designation from the Food and Drug Administration, or FDA, for the investigation of ACR-368 as a monotherapy based on OncoSignature-predicted sensitivity in patients with endometrial cancer. The FDA has granted a Breakthrough Device designation for the ACR-368 OncoSignature assay for the identification of patients with endometrial cancer who may benefit from ACR-368 treatment.
In addition to ACR-368, Acrivon is also leveraging its proprietary Generative Phosphoproteomics AP3 platform for developing its co-crystallography-driven, internally discovered pipeline programs. These include ACR-2316, the company’s second clinical stage asset, a novel, potent, selective WEE1/PKMYT1 inhibitor designed for superior single-agent activity through strong activation of not only CDK1 and CDK2, but also of PLK1 to drive pro-apoptotic cell death, as observed in preclinical studies against benchmark inhibitors. The Phase 1 trial of ACR-2316 is advancing, with weekly dosing regimens established. Initial data has shown a favorable tolerability profile limited to transient, mechanism-based hematological adverse events, predominantly neutropenia and initial clinical activity across AP3-selected solid tumor types, including PRs in endometrial cancer, as well as SCLC and sqNSCLC, two tumor types which have not shown sensitivity to other clinical WEE1 or PKMYT1 inhibitors currently in development. In addition, the company is advancing ACR-6840, an internally discovered development candidate targeting CDK11.
Forward-Looking Statements
This press release includes certain disclosures that contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our preclinical and clinical results, business strategy and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. Forward-looking statements are based on Acrivon’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties that are described more fully in the section titled “Risk Factors” in our reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this press release are made as of this date, and Acrivon undertakes no duty to update such information except as required under applicable law.
Investor and Media Contacts:
Adam D. Levy, Ph.D., M.B.A. [email protected]
, /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that its Board of Directors declared cash dividends on its Preferred Stock.
The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") in the amount of $0.599615 per share, which reflects a rate of 9.59384%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The dividend will be payable on April 30, 2026, to holders of record on April 1, 2026.
The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The dividend will be payable on April 30, 2026, to holders of record on April 1, 2026.
About ACRES Commercial Realty Corp.
ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected].
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Company from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
ACRES Commercial Realty trades at a 37% discount to book value, with no dividend but aggressive share buybacks driving shareholder returns. ACR's portfolio is now 81.9% multifamily loans, reducing office exposure and lowering overall risk amid high office vacancy rates. Book value per share grew $0.71 sequentially, aided by buybacks at deep discounts, though no capacity remains on the current program.
Two Harbors Investments (NYSE:TWO – Get Free Report) and ACRES Commercial Realty (NYSE:ACR – Get Free Report) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, dividends, institutional ownership, risk, valuation, analyst recommendations and earnings.
Institutional and Insider Ownership 64.2% of Two Harbors Investments shares are owned by institutional investors. Comparatively, 40.0% of ACRES Commercial Realty shares are owned by institutional investors. 0.6% of Two Harbors Investments shares are owned by company insiders. Comparatively, 3.9% of ACRES Commercial Realty shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Valuation and Earnings This table compares Two Harbors Investments and ACRES Commercial Realty”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Two Harbors Investments $412.00 million 2.81 -$454.30 million ($4.89) -2.25 ACRES Commercial Realty $79.95 million 1.72 $21.32 million $0.01 1,926.00 ACRES Commercial Realty has lower revenue, but higher earnings than Two Harbors Investments. Two Harbors Investments is trading at a lower price-to-earnings ratio than ACRES Commercial Realty, indicating that it is currently the more affordable of the two stocks.
Profitability This table compares Two Harbors Investments and ACRES Commercial Realty’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Two Harbors Investments -109.90% 12.00% 1.29% ACRES Commercial Realty 31.78% 4.55% 1.14% Analyst Recommendations This is a summary of recent recommendations and price targets for Two Harbors Investments and ACRES Commercial Realty, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Two Harbors Investments 1 8 0 0 1.89 ACRES Commercial Realty 0 2 2 0 2.50 Two Harbors Investments presently has a consensus price target of $12.88, indicating a potential upside of 16.99%. ACRES Commercial Realty has a consensus price target of $24.50, indicating a potential upside of 27.21%. Given ACRES Commercial Realty’s stronger consensus rating and higher possible upside, analysts plainly believe ACRES Commercial Realty is more favorable than Two Harbors Investments.
Risk and Volatility Two Harbors Investments has a beta of 1.08, suggesting that its share price is 8% more volatile than the S&P 500. Comparatively, ACRES Commercial Realty has a beta of 1.11, suggesting that its share price is 11% more volatile than the S&P 500.
Summary ACRES Commercial Realty beats Two Harbors Investments on 9 of the 14 factors compared between the two stocks.
About Two Harbors Investments (Get Free Report)
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. It qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in St. Louis Park, Minnesota.
About ACRES Commercial Realty (Get Free Report)
ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Exantas Capital Corp. and changed its name to ACRES Commercial Realty Corp. in February 2021. ACRES Commercial Realty Corp. was incorporated in 2005 and is based in Uniondale, New York.
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, /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the first quarter 2026, on Wednesday, April 29, 2026, after the market closes. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, April 30, 2026, at 10:00 a.m. Eastern Time.
The conference call can be accessed by dialing 1-800-445-7795 (U.S. domestic) or 1-785-424-1699 (International), Conference ID ACRES or from the investor relations section of the Company's website at www.acresreit.com.
For those unable to listen to the live conference call, a replay will be available on the Company's website and telephonically through May 14, 2026 by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International), passcode 11161260.
About ACRES Commercial Realty Corp.
ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected].
April 17, 2026 16:00 ET | Source: Acrivon Therapeutics, Inc
Potent preclinical efficacy with durable immune memory observed in combinations of either ACR-368 or ACR-2316 with anti-PD-L1 and strong synergy of ACR-368 with Topoisomerase 1 (Topo 1) inhibition
Data supports potential for frontline clinical combinations of ACR-368 and ACR-2316 with immune checkpoint inhibitors and of ACR-368 with Topo 1 antibody-drug conjugates (ADCs)
WATERTOWN, Mass., April 17, 2026 (GLOBE NEWSWIRE) -- Acrivon Therapeutics, Inc. (“Acrivon” or “Acrivon Therapeutics”) (Nasdaq: ACRV), a clinical stage biotechnology company discovering and developing precision medicines utilizing its proprietary Generative Phosphoproteomics AP3 (Acrivon Predictive Precision Proteomics) platform deployed for rational drug design and predictive clinical development, today announced preclinical data that showed powerful synergies between its two lead assets and emerging and foundational standard-of-care anti-cancer agents. Both ACR-368, a CHK1/2 inhibitor currently in a registrational-intent Phase 2b study, and ACR-2316, a WEE1/PKMYT1 inhibitor currently in a Phase 1/2 study, showed strong synergy in combination with anti-PD-L1 checkpoint inhibition. Additionally, ACR-368 synergized with a Topo 1 inhibitor, a payload commonly used in ADCs. The data will be presented at the AACR 2026 Annual Meeting being held in San Diego, CA.
“We are excited to be presenting these highly actionable data, mechanistically derived from our AP3 platform, at AACR,” said Peter Blume-Jensen, M.D., Ph.D., chief executive officer, president, and co-founder of Acrivon. “Our findings highlight attractive opportunities for future frontline development of ACR-368 and ACR-2316 in combination with immune checkpoint inhibitors and ADCs.”
The posters can be found on the Acrivon website under “Posters and Presentations” or by using this LINK.
Poster Presentation Details:
TitlePotent synergy between CHK1/2 inhibitor ACR-368 and the ADC payload topoisomerase 1 inhibitor: Rationale for ADC + ACR-368 combination therapyDate and TimeSunday, April 19, 2026; 2:00 p.m. - 5:00 p.m. PTSessionExperimental and Molecular Therapeutics: DNA Damage and Repair 1Poster Number239 TitleACR-368 synergizes with PD-L1 blockade by coordinated activation of adaptive and innate immunity pathways to achieve robust anti-tumor efficacyDate and TimeMonday, April 20, 2026; 9:00 a.m. - 12:00 p.m. PTSessionLate-Breaking Research: Immunology 2Poster NumberLB152 TitleTreatment with ACR-2316, a potential first- and best-in-class WEE1/PKMYT1 inhibitor, combined with anti-PD-L1 induces complete tumor regression with durable immune memoryDate and TimeMonday, April 20, 2026; 2:00 p.m. - 5:00 p.m. PTSessionClinical Research: Combination ImmunotherapiesPoster Number3789 About Acrivon Therapeutics
Acrivon is a clinical stage biopharmaceutical company discovering and developing precision medicines utilizing its proprietary Generative Phosphoproteomics AP3 platform. The platform allows the company to interpret and quantify compound specific, drug-regulated pathway activity levels inside the intact cell in an unbiased manner, yielding terabytes of proprietary data and delivering rapid, actionable insights. The Generative Phosphoproteomics AP3 platform is comprised of a growing suite of powerful, internally-developed tools, including the AP3 Data Portal, converting multimodal data into structured data for generative AI analyses, the AP3 Kinase Substrate Relationship Predictor and the AP3 Interactome. These distinctive capabilities enable the company to go beyond the limitations of traditional drug discovery, as well as current AI-based target-centric drug discovery, and rapidly design highly differentiated compounds with desirable pathway effects through intracellular protein network analyses and advance these agents into the clinic for streamlined development.
Acrivon is currently advancing its lead program, ACR-368 (also known as prexasertib), a selective small molecule inhibitor targeting CHK1 and CHK2 in a potentially registrational Phase 2 trial for endometrial cancer. The company has received Fast Track designation from the Food and Drug Administration, or FDA, for the investigation of ACR-368 as a monotherapy based on OncoSignature-predicted sensitivity in patients with endometrial cancer. The FDA has granted a Breakthrough Device designation for the ACR-368 OncoSignature assay for the identification of patients with endometrial cancer who may benefit from ACR-368 treatment.
In addition to ACR-368, Acrivon is also leveraging its proprietary Generative Phosphoproteomics AP3 platform for developing its co-crystallography-driven, internally discovered pipeline programs. These include ACR-2316, the company’s second clinical stage asset, a novel, potent, selective WEE1/PKMYT1 inhibitor designed for superior single-agent activity through strong activation of not only CDK1 and CDK2, but also of PLK1 to drive pro-apoptotic cell death, as observed in preclinical studies against benchmark inhibitors. The Phase 1/2 trial of ACR-2316 is advancing, with weekly dosing regimens established. Initial data has shown a favorable tolerability profile limited to transient, mechanism-based hematological adverse events, predominantly neutropenia and initial clinical activity across AP3-selected solid tumor types, including PRs in endometrial cancer, as well as SCLC and sqNSCLC, two tumor types which have not shown sensitivity to other clinical WEE1 or PKMYT1 inhibitors currently in development. In addition, the company is advancing ACR-6840 and other potential development candidates targeting CDK11.
Forward-Looking Statements
This press release includes certain disclosures that contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations or financial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. Forward-looking statements are based on Acrivon’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties that are described more fully in the section titled “Risk Factors” in our reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this press release are made as of this date, and Acrivon undertakes no duty to update such information except as required under applicable law.
Investor and Media Contacts:
Adam D. Levy, Ph.D., M.B.A. [email protected]
Acres Commercial Realty focuses on first mortgage loans, with 80% of its portfolio backed by multifamily properties, and plans to expand its $2.2B asset base. ACR's preferred shares, particularly Series C, offer a 9.6% yield with floating rates, presenting an attractive risk/reward profile despite a modest dividend coverage ratio. Management's strong track record is evidenced by minimal realized loan losses—just $4.8M on $368M in troubled loans over five years.
~Enhanced Earnings Profile –Significant Third-Party Revenue Streams~
~Alignment of Interest and Consideration in Form of ACR Shares at Fully Diluted Book Value~
~Continuity of Management Team~
, /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACR" or the "Company") and ACRES Capital Corp. ("ACC") announced today that they have entered into a definitive merger agreement (the "Merger Agreement"), pursuant to which ACR will acquire ACC in an all-stock transaction (the "Merger"). In connection with the Merger, ACR will acquire ACRES Capital, LLC, its external manager (the "Manager") and an indirect wholly-owned subsidiary of ACC, and transition from an externally-managed REIT to an internally-managed REIT (the "Internalization").
The Merger Agreement and the terms of the Internalization were negotiated and unanimously approved and recommended by a Special Committee of the Board of Directors of ACR, composed of independent directors (the "ACR Special Committee"), and approved by ACR's Board of Directors. The Merger and Internalization are subject to certain closing conditions, including the approval of ACR's stockholders of the issuance of ACR's common stock as merger consideration, and is expected to close during the third quarter of 2026. As a result of the Merger and Internalization, ACR expects to directly employ its existing management team and all other employees of the Manager.
Upon closing of the Merger and Internalization, the Company will issue approximately 7.5 million shares of ACR's common stock to ACC stockholders as merger consideration, priced at ACR's fully diluted book value per share as of December 31, 2025, and will terminate the existing Management Agreement. Following closing, the net increase in ACR shares outstanding is expected to be approximately 6.3 million shares after giving effect to the elimination of ACR shares held by ACC in consolidation.
The Company has posted a presentation providing additional information regarding the Merger and Internalization under the Investor Relations section of its website at https://www.acresreit.com/investor-overview.
Anticipated Key Benefits of the Merger and Internalization
The Merger and Internalization are expected to create operational and financial benefits for ACR post-closing, including:
Expanding ACR's assets under management from $2.2 billion to an anticipated $4.7 billion through the acquisition of ACC's asset management business; Internalizing management to align stakeholder interests and eliminate dependence on an external manager; Aligning management's interests with stockholders with the ACR management team and employees expected to own over 45% of ACR common equity at closing; Consideration paid entirely in ACR common stock issued at fully diluted book value; Adding a recurring, third-party fee-related income stream tied to an evergreen fund, which can reduce sensitivity to capital markets volatility; Diversifying earnings, supporting greater earnings available for distribution ("EAD") stability and enhancing long-term earnings growth potential; and Expected to be accretive to EAD and support a sustainable common dividend profile Continued Strong Leadership
The Company will continue to be managed by its existing senior leadership team, with Andrew Fentress serving as Chairman of the Board and as a Managing Director and Mark Fogel serving as President. In addition, the Company intends to retain employees of the Manager who currently serve in key roles at ACR, including, but not limited to, those who support ACR's asset management, legal, accounting, tax and treasury operations.
Advisors
The ACR Special Committee was advised by BTIG, LLC as its exclusive financial advisor, Hunton Andrews Kurth LLP as its legal counsel and Meridian Compensation Partners, LLC as its compensation consultant.
About ACRES Commercial Realty Corp. and Acres Capital, LLC
ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is currently externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected].
About ACRES Capital Corp.
ACRES Capital Corp. is a private commercial real estate lender and U.S. Securities and Exchange Commission-registered investment adviser that originates, structures, and manages real estate debt investments. Headquartered in New York with offices throughout the US, ACC focuses on Class A multifamily, student housing, hospitality, office, and industrial lending across major U.S. markets.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Company from time to time with U.S. Securities and Exchange Commission (the "SEC"). These risks and uncertainties include, but are not limited to, risks and uncertainties relating to satisfaction of the Merger closing conditions in a timely manner, if at all, the Company's ability to successfully close the Internalization, to manage the transition to self-management and the ability to achieve expected cost savings or other benefits of the Internalization and the timing thereof; unanticipated expenditures relating to or liabilities arising from the internalization; litigation or regulatory issues relating to the Internalization; the impact of the Internalization on the Company's common stock dividend, and the impact of the Internalization on relationships with, and potential difficulties retaining, the Company's executive officers, employees and directors on a go-forward basis. The foregoing list of factors is not exhaustive. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements, please refer to the Company's most recent annual and quarterly reports and other filings filed with the SEC, which are available on the Company's website (www.acresreit.com). The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
Participants in the Proxy Solicitation
This press release relates to the proposed Internalization. In connection with the proposed internalization transaction, the Company will file relevant materials with the SEC, including a proxy statement on Schedule 14A (the "Proxy Statement"). This communication is not a substitute for the Proxy Statement or for any other document that the Company may file with the SEC and send to its stockholders in connection with the proposed Internalization. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement and other documents filed by the Company with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed by the Company with the SEC will be available free of charge on the Company's website at www.acresreit.com, or by contacting the Company's investor relations at [email protected]
The Company and its directors and certain of its executive officers may be considered participants in the solicitation of proxies with respect to the proposed transactions under the rules of the SEC. Information about the directors and executive officers of the Company is set forth in its proxy statement for its 2025 annual meeting of stockholders, which was filed with the SEC on April 11, 2025 and other filings filed with the SEC. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the Proxy Statement and other relevant materials to be filed with the SEC when they become available.
, /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACR" or the "Company"), a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in commercial real estate property through direct ownership and joint ventures, today reported results for the quarter ended March 31, 2026. ACR's GAAP net loss allocable to common shares was $1.0 million or $(0.16) per share-diluted, for the quarter ended March 31, 2026.
"The ACRES origination team added $496 million of high-quality loans to our portfolio during the first quarter. The combination of those new loans along with $571 million of loans originated during the fourth quarter of 2025, led to the closing of a $1 billion CRE CLO in February. We also sold one of our real estate investments this quarter, which resulted in a $3.3 million gain," said Mark Fogel, President and Chief Executive Office of ACRES Commercial Realty Corp. "The ACRES team continues to grow the portfolio by providing loans to first-rate sponsors in strong markets nationwide. At the same time, we remain dedicated to actively managing the portfolio to maximize value to our shareholders."
ACR issued a full, detailed presentation of its results for the quarter ended March 31, 2026 that can be viewed at www.acresreit.com.
Earnings Call Details
ACR will host a live conference call on April 30, 2026 at 10:00 a.m. Eastern Time to discuss its first quarter 2026 operating results. The conference call can be accessed by dialing 1-800-445-7795 (U.S. domestic) or 1-785-424-1699 (International), Conference ID ACRES or from the investor relations section of the Company's website at www.acresreit.com.
For those unable to listen to the live conference call, a replay will be available on the Company's website and telephonically through May14, 2026 by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International), with the passcode 11161260.
About ACRES Commercial Realty Corp.
ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market commercial real estate lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected].
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Company from time to time with the Securities and Exchange Commission, including, without limitation, factors impacting whether we will be able to maintain our sources of liquidity and whether we will be able to identify sufficient suitable investments to increase our originations. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
ACRES Commercial (ACR - Free Report) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate . This compares to a loss of $0.86 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this commercial real estate investment trust would post a loss of $0.01 per share when it actually produced a loss of $0.48, delivering a surprise of -4700%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
ACRES Commercial, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $9.25 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 19.6%. This compares to year-ago revenues of $5.6 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ACRES Commercial shares have lost about 3.2% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for ACRES Commercial?While ACRES Commercial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ACRES Commercial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.12 on $12.2 million in revenues for the coming quarter and $0.51 on $49 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Arbor Realty Trust (ABR - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 8.
This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -42.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arbor Realty Trust's revenues are expected to be $234 million, down 2.8% from the year-ago quarter.
ACRES Commercial Realty has officially entered a definitive agreement to acquire its external manager, ACRES Capital Corp., in an all-stock transaction. This move transitions ACR to being internally managed. The merger is still subject to shareholder approval but would result in a much larger entity with a more diverse set of businesses. The Series D Preferred (ACR.PR.D) remains an attractive target for income-focused investors, sporting a current yield of 9.15%.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transaction may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the merger of ACRES Commercial Realty Corp. (NYSE: ACR) and ACRES Capital Corp.
Halper Sadeh encourages ACRES Commercial shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether ACRES Commercial and its board of directors violated the federal securities laws and/or breached their fiduciary duties by failing to: (1) obtain the best possible price for ACRES Commercial shareholders; (2) conduct a fair sales process free of any conflicts of interests; and (3) disclose all material information for ACRES Commercial shareholders to evaluate the transaction.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the merger of ACRES Commercial Realty Corp. (NYSE: ACR) ("ACR" or the "Company") and ACRES Capital Corp. ("ACC") pursuant to which ACR will acquire ACC in an all-stock transaction. Under the terms of the proposed transaction, upon closing of the Merger, the Company will issue approximately 7.5 million shares of ACR's common stock to ACC stockholders as merger consideration. KSF is seeking to determine whether the merger and the process that led to it are adequate and fair to the Company’s shareholders.
If you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-acr/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
NEW YORK
May 12, 2026
Catalyst Pharmaceuticals, Inc. (NASDAQ: CPRX)'s sale to Angelini Pharma S.p.A. for $31.50 per share in cash. If you are a Catalyst shareholder, click here to learn more about your rights and options.
UniFirst Corporation (NYSE: UNF)'s sale to Cintas Corporation for $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share. If you are a UniFirst shareholder, click here to learn more about your rights and options.
RE/MAX Holdings, Inc. (NYSE: RMAX)'s sale to The Real Brokerage Inc. for either 5.152 shares of the combined company or $13.80 in cash per share. If you are a RE/MAX shareholder, click here to learn more about your rights and options.
ACRES Commercial Realty Corp. (NYSE: ACR)'s merger with ACRES Capital Corp. If you are an ACRES Commercial shareholder, click here to learn more about your legal rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
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https://www.halpersadeh.com
, /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that its Board of Directors declared cash dividends on its Preferred Stock.
The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") in the amount of $0.5993994 per share, which reflects a rate of 9.59039%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The dividend will be payable on July 30, 2026, to holders of record on July 1, 2026.
The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The dividend will be payable on July 30, 2026, to holders of record on July 1, 2026.
About ACRES Commercial Realty Corp.
ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected].
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Company from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
GE HealthCare will showcase its latest enterprise imaging solutions at the Society for Imaging Informatics in Medicine (SIIM) 2026 Annual Meeting in Pittsburgh, PA.
Medical imaging departments today are under immense pressure from all sides including rising imaging volumes and increasing case complexity, while staffing shortages continue to grow. According to the American College of Radiology (ACR), radiologist workforce shortages have been identified as the biggest threat facing radiology for three consecutive years. This makes the ability to interpret studies from anywhere essential for maintaining throughput and ensuring timely diagnoses.1
GE HealthCare continues to accelerate enterprise imaging solutions with Genesis™ Radiology Workspace.2 Genesis Radiology Workspace is a next-generation solution designed to transform radiology workflows, unify the user experience, and empower radiologists with great efficiency and precision. At the center of this innovation is View, FDA 510(k)-cleared, a powerful new viewer designed to be a fast diagnostic, zero-footprint viewer – streamlining radiology workflows with the intent to help enhance patient care while being fully accessible from any location. Genesis Radiology Workspace is designed to give radiologists the freedom to read from anywhere—without sacrificing speed or accuracy. Its high-performance visualization adapts to individual reading preferences and automatically displays the current and prior studies, helping to save time and reduce cognitive load. User-defined AI prioritization provides the capability to bring critical findings to the top to ensure there is visibility.
“The future of enterprise imaging depends on connected, cloud-enabled solutions that improve access, collaboration, and efficiency. GE HealthCare is committed to helping providers unify imaging workflows and unlock deeper clinical insights through cloud and AI-enabled innovation,” said Scott Miller, CEO, Solutions for Enterprise Imaging, GE HealthCare.
Intelerad, a GE HealthCare company, will also be demonstrating its cloud-first solutions including InteleShare™. InteleShare is a cloud-based medical image exchange platform designed to accelerate patient care through seamless, secure access to imaging across complex, multi-facility healthcare environments worldwide. With native EHR integration and automated workflows, InteleShare helps healthcare organizations reduce administrative burden, improve patient and clinician experiences, and make better use of their existing technology investments.
Visit here to learn more about GE HealthCare and Intelerad solutions. GE HealthCare is at booth #313 and Intelerad is at booth #305.
About GE HealthCare Technologies Inc.
GE HealthCare is a leading global healthcare solutions provider of advanced medical technology, pharmaceutical diagnostics, and AI, cloud and software solutions that help clinicians tackle the world’s most complex diseases. Serving patients and providers for 130 years, GE HealthCare is delivering bold innovations designed for the next era of medicine across its Advanced Imaging Solutions, Patient Care Solutions, and Pharmaceutical Diagnostics segments to help clinicians deliver more personalized, precise patient care. We are a $20.6 billion business with approximately 54,000 colleagues working to create a world where healthcare has no limits.
GE HealthCare is proud to be among 2026 Fortune World’s Most Admired Companies™.
Follow us on LinkedIn, Facebook, Instagram, or visit our website for our latest news and perspectives.
1 [url="]https://www.acr.org/Clinical-Resources/Publications-and-Research/ACR-Bulletin/2026/radiologist-shortage-work-force-update [/url]
2 Available only for USA and UK. Genesis Radiology consists of Genesis View, Workflow Manager, Enterprise Archive.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260609532525/en/
Key Takeaways Enterprise expects global liquid hydrocarbons demand to rise by 1 MMBPD annually over five years.EPD forecasts LPG demand growth of 300 thousand BPD annually from petrochemical and heating needs.EPD's projects through 2027 aim to boost hydrocarbon transport, processing and export capacity. Enterprise Products Partners L.P. (EPD - Free Report) operates an integrated midstream asset network for the transportation and storage of crude oil, natural gas, natural gas liquids (NGLs), petrochemicals and refined products. The partnership’s midstream assets connect suppliers from some of the largest basins in the United States, Canada and the Gulf of America to various domestic and international markets.
The partnership is expected to benefit from the rising global liquid hydrocarbons demand. EPD expects the demand for liquid hydrocarbons, primarily driven by petrochemical demand, to increase approximately 1 million barrels per day (MMBPD) annually over the next five years. NGLs and naphtha are expected to account for more than 50% of this growth. Additionally, the global demand for liquefied petroleum gas (LPG) is expected to remain strong, driven by petrochemical demand and heating needs in non-OECD countries. Enterprise has forecasted LPG demand to grow by 300 thousand BPD annually, absorbing a greater number of U.S. barrels.
This demand pull creates a favorable business opportunity for Enterprise to capitalize on. The partnership has major capital projects worth $5.3 billion under development, which are expected to be placed into service through 2026 and 2027. These growth projects are aligned with favorable energy market fundamentals, including rising global demand for hydrocarbon liquids and growing Permian Basin production of oil and natural gas.
The Neches River Terminal Phase 2, EHT LPG expansion, Bahia expansion and Permian processing projects increase EPD’s ability to gather, fractionate, transport and export hydrocarbons. This is expected to create sustained demand for EPD’s midstream services, thereby aiding its earnings and cash flows.
KMI and WMB to Benefit From Rising Energy DemandKinder Morgan Inc. (KMI - Free Report) is a leading midstream energy company that operates the largest natural-gas pipeline system in the United States. It has about 58,500 miles of major pipelines, 7,500 miles of gathering lines and more than 700 bcf of gas storage.
The Williams Companies, Inc. (WMB - Free Report) is another leading player in the midstream energy sector that operates a widespread pipeline system of more than 33,000 miles, including the Transco and Northwest Pipeline systems. These pipeline systems are among the largest natural gas transportation networks in the United States.
Rising energy demand in domestic and international markets is expected to support sustained demand for Kinder Morgan and Williams Companies’ midstream services.
EPD’s Price Performance, Valuation & EstimatesEnterprise’s units have jumped 22.6% over the past year compared with the 17.2% improvement of the composite stocks belonging to the industry.
Image Source: Zacks Investment Research
From a valuation standpoint, EPD trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 11.85X. This is above the broader industry average of 12.17X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for EPD’s 2026 earnings has remained unchanged over the past seven days.
Image Source: Zacks Investment Research
EPD currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Williams Companies (WMB +1.10%) isn't usually considered a high-growth stock. But over the past five years, the midstream company's stock has more than tripled. If we include its reinvested dividends, it delivered a total return of more than 280%. Let's see why Williams' stock skyrocketed -- and why buying it today could be the best financial decision you ever make.
What sets Williams apart from other midstream companies? Williams operates more than 33,000 miles of pipeline in the United States. Like other midstream companies, the company is well insulated from volatile commodity prices because it simply charges upstream and downstream companies "tolls" for using its infrastructure.
Image source: Getty Images.
But unlike many other midstream companies, which transport natural gas, crude oil, and other products through their pipelines, Williams primarily handles natural gas through its Transco pipeline system -- which runs from Texas to the Eastern Seaboard.
That natural gas "superhighway" transports roughly 30% of the country's natural gas production. The construction of new AI-oriented data centers, coal-to-gas conversion facilities, and reshored manufacturing facilities -- as well as population growth in the Southeast states and rising liquefied natural gas (LNG) exports -- have all been driving more gas through its pipelines.
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Williams also builds "behind the meter" (BTM) sites at data centers to provide hyperscalers with a stable flow of natural gas while bypassing traditional utilities. That approach makes it more of a play on the booming AI, cloud, and data center markets than many of its midstream peers.
That's why its year-end backlog rose from $11.8 billion in 2024 to $15.5 billion in 2025. It also recently announced three new projects -- including its largest-ever 682 MW Neo power project -- to address the soaring demand for natural gas-fired electricity.
Why could Williams generate even bigger gains? From 2020 to 2025, Williams' adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew at a 9% CAGR from $5.11 billion to $7.75 billion. From 2025 to 2028, analysts expect its adjusted EBITDA to grow at an 11% CAGR to $10.51 billion.
With an enterprise value of $130.5 billion, Williams still looks like a bargain at 16 times this year's adjusted EBITDA. It also pays an attractive forward dividend yield of 2.6%.
If it matches analysts' estimates through 2028, grows its adjusted EBITDA at a 10% CAGR through 2036, and trades at a more generous 20 times its current year's adjusted EBITDA by the final year, its stock could more than triple over the next 10 years. So if you're looking for a simple pipeline way to profit from the natural gas boom, Williams checks all the right boxes.
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Two AI Titans Flash Entries As Rocket Lab Readies For Launch AI energy infrastructure stocks have a favorable setup — and not just on the charts. Several midstream oil and gas companies near buy points earned a Wall Street nod, including The Williams Companies (WMB), Kinder Morgan (KMI) and Energy Transfer (ET). Many oil and gas stock groups, including refiners, have been trending well, with crude prices high. Jean Ann Salisbury…
The energy sector is a key part of the global economy and encompasses a wide range, from an oil-producing and refining company such as HF Sinclair (DINO +1.02%) to a midstream company such as The Williams Companies (WMB +1.10%), which transports natural gas through its pipelines.
What those two have in common is elite dividends that more than double the S&P 500 average of 1.06%. Here are three reasons to buy each stock.
Image source: Getty Images.
HF Sinclair's transition to renewable diesel HF Sinclair has converted several traditional refining assets into renewable diesel facilities, which allows it to capitalize on lucrative environmental credits and the growing demand for low-carbon fuels. In the first quarter of 2026, the company reported a massive shift toward profitability, swinging from a loss per share (EPS) of $0.02 in 2025 to an earnings per share of $3.56 in 2026.
It also reported that revenue increased 12% year over year to $7.1 billion. The rise was driven by higher adjusted refinery gross margins in the West region and higher overall refined product sales volumes.
By leveraging its existing infrastructure to produce renewable products, HF Sinclair avoids the massive greenfield costs competitors face, positioning itself as a leader in a market increasingly defined by carbon-intensity regulations and tax incentives.
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Aggressive and disciplined capital returns For many investors, the most attractive aspect of HF Sinclair is its unwavering commitment to returning capital to its owners. The company maintains a shareholder-first mentality, utilizing its robust cash flow -- which totaled nearly $460 million from operations in the first quarter -- to fund dividends and buybacks. It started a $1 billion stock buyback program in 2024 and in the first quarter, bought back $76 million of its stock.
It has kept its dividend at $0.50 for the past two years, but over the past decade, it has increased it by 51%. The yield, at its current price, is around 2.8%.
Recently, the company completed a massive share repurchase program, retiring more than 6% of its outstanding shares in just two years. This reduction in share count naturally boosts EPS and provides a consistent floor for the stock price. The stock buybacks and the above-average dividend have led to a total return of more than 257% over the past 10 years.
Regional market dominance and complexity HF Sinclair's geographic footprint provides it with a moat that larger coastal refiners often lack. Many of its refineries are located in the Mid-Continent and Rocky Mountain regions, where it benefits from proximity to cheap crude oil feedstocks and faces limited competition from international imports. These landlocked markets often command higher margins because the cost of transporting fuel from the Gulf Coast acts as a natural price support.
The company's facilities are highly complex, enabling them to process heavier, lower-cost grades of crude that simpler refineries cannot handle. This technical advantage ensures that HF Sinclair can maintain healthy crack spreads even when market conditions for lighter oils become squeezed, providing essential margin safety in the energy space.
Williams benefits from the data center power boom While Williams is traditionally viewed as a steady utility-like infrastructure play, it has found a powerful modern growth catalyst in artificial intelligence (AI). AI data centers require massive, uninterrupted power, and tech companies are turning to natural gas to power them. Williams handles one-third of all natural gas in the U.S., and its pipeline network, especially the Transco corridor, puts it in a great spot to meet the increased demand.
The company also expanded pipeline capacity and advanced a series of infrastructure and power-linked deals, including three new pacts, a $2.3 billion, 682-megawatt behind-the-meter deal, called Project Neo, and its Atlas natural gas supply for an unnamed data center in the Northeast, as well as the Aristotle pipeline to support Ohio data center demand.
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A contract-driven, resilient business model Williams operates primarily on a fee-based, long-term contract model, which shields it heavily from the direct volatility of commodity price swings. Because the company is paid based on the volume of natural gas moving through its gathering, processing, and transmission assets rather than the spot price of the gas itself, its revenue streams are highly secure.
This structural stability was on display in its first-quarter earnings report. It reported EPS of $0.70, up 25% year over year. The company reported cash flow from operations of $1.6 billion, up 12% over the same period a year earlier.
Williams attributed part of the improvement to higher net rates, expansion projects, new volumes from the Gulf of Mexico, higher storage revenues, and increased gathering activity in the western United States.
The company kept its 2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of $8.05 billion to $8.35 billion, up 6% at the midpoint. It also said it expects annual EPS of $2.20 to $2.38, an increase of 9% at the midpoint. Williams expects capital expenditures of up to $7.6 billion, signaling continued investment in growth projects.
A reliable track record of dividend growth For income-focused investors looking for steady compounding, Williams stands out as a disciplined returner of capital. The company raised its dividend this year by 5% to $0.525 per share, yielding around 2.6% at its current share price. The company has increased its dividend for eight consecutive years. That dividend has a coverage ratio of 2.76x on an adjusted funds from operations basis, plenty safe for continued increases.
Two great long-term stocks HF Sinclair offers a compelling investment thesis driven by its successful strategic transition into the renewable diesel market and its solid regional dominance. The Williams Companies provides investors with a resilient, infrastructure-backed growth opportunity that is uniquely positioned to capitalize on the AI data center boom. This powerful growth catalyst is supported by a highly stable, fee-based contract model that insulates revenue from commodity price volatility.
Both stocks stand out as premier choices for income and value-focused portfolios due to their elite, reliable dividend profiles and disciplined approach to returning capital to shareholders. Both companies offer dividend yields that more than double the S&P 500 average. Together, they present a balanced mix of defensive, contract-driven cash flows, explosive modern tech-sector tailwinds, and aggressive capital return programs.
The stock market has been volatile due to rising Treasury yields and high oil prices amid tensions in the Middle East. Amid this uncertainty, dividend stocks can help investors secure consistent portfolio income.
Top Wall Street analysts can inform investors on their search for attractive dividend stocks that have the ability to generate solid cash flows and pay dividends consistently.
Here are three dividend-paying stocks that are highlighted by Wall Street's top pros, as tracked by TipRanks, a platform that ranks analysts based on their past performance.
Energy TransferEnergy Transfer owns and operates a diversified portfolio of energy assets in the U.S., with about 140,000 miles of pipeline and associated infrastructure. The company recently announced an increase in its quarterly cash distribution to roughly 34 cents per common unit. Energy Transfer offers a yield of 6.7%.
Recently, TD Cowen analyst Jason Gabelman reiterated a buy rating on Energy Transfer and slightly raised his price target to $23 from $22, saying, "We continue to see upside from underappreciated growth potential including underused assets in second-tier gas basins."
The five-star analyst highlighted that Energy Transfer raised its full-year earnings before interest, taxes, depreciation and amortization, or EBITDA, guidance, with the company capturing its full-year optimization target in the first quarter itself. The revised outlook reflects upside from higher volumes, rates, and spreads. Gabelman expects EBITDA to reach the high end of the outlook at current commodity pricing.
Furthermore, Gabelman expects ET to see a gain of $200 million in EBITDA from some new projects and 800 million cubic feet per day Haynesville volume growth this year, which is projected to add $100 million in EBITDA. Interestingly, the company expects to sanction multiple projects in 2026, which could contribute an additional $400 million in EBITDA.
Gabelman ranks No. 660 among more than 12,200 analysts tracked by TipRanks. His ratings have been successful 64% of the time, delivering an average return of 13.4%. See Energy Transfer Financials on TipRanks.
ChevronThe next dividend-paying stock is oil-and-gas giant Chevron. The company recently announced its first-quarter results. It paid $6 billion of cash to shareholders in Q1 2026, including share repurchases of $2.5 billion and dividends of $3.5 billion. Chevron offers a current dividend yield of 3.7%.
After hosting investor meetings with Chevron management, Wells Fargo analyst Sam Margolin reaffirmed a buy rating on CVX stock with a price target of $222. "The company is in a favorable operating posture with transparent capital allocation and asset momentum yielding positive FCF/leverage outcomes," said the analyst.
The five-star analyst noted Chevron's solid operating momentum, with key assets in the Permian, Kazakhstan, Australia LNG and Guyana running at full capacity or above their designed production levels. He added that CVX's downstream is gaining from stronger vertical integration and access to equity crude supplies in California and Asia, helping ease potential feedstock constraints.
Additionally, Margolin highlighted that Chevron plans to maintain a 1 million barrels of oil equivalent per day plateau in the Permian Basin, driven by operational efficiencies achieved under its current program. He added that advanced chemicals treatment in wells, including both proprietary and third-party, has delivered about 20% productivity benefits in the first 10 months.
The analyst also noted that CVX is advancing the first project under its power joint venture through an exclusivity agreement with Microsoft. Margolin believes that the company's advantage lies in being an early mover, with 5 gigawatts of turbines already on order, along with access to land and natural gas supply needed for power generation and data center development.
Margolin ranks No. 455 among more than 12,200 analysts tracked by TipRanks. His ratings have been profitable 71% of the time, delivering an average return of 13.3%. See Chevron Stock Buybacks on TipRanks.
The Williams CompaniesWilliams runs interstate natural gas pipelines and gathering and processing operations throughout the U.S. The company recently announced a dividend of about 53 cents per share, payable on June 29. WMB offers a yield of 2.7%.
Recently, UBS analyst Manav Gupta reiterated a buy rating on Williams stock and increased his price target to $91 from $89. The analyst is optimistic about the company's Power Innovation business and noted the updates on two recent projects – NEO and Atlas. With the addition of these two projects, which WMB announced alongside its Q1 results, the company now has $9.65 billion in Power Innovation projects.
The five-star analyst noted that WMB continues to stand out by expanding its Power Innovation business at a faster pace than investors' and UBS' expectations. Based on projects already announced (Socrates, Atlas, Apollo, Aquila, Socrates the Younger and Neo), Gupta expects Williams' Power Innovation business to drive EBITDA upside of $1.93 billion by 2029.
Gupta believes that the addition of NEO further bolstered WMB's position, giving it an edge over rivals such as Chevron in showcasing integrated, end-to-end power solutions tailored to hyperscalers. The analyst emphasized that while Chevron has confirmed its partnership with Meta Platforms on a project, that deal has yet to reach a final investment decision, which limits near-term visibility.
"We remain constructive on WMB's Power Innovation platform and see potential upside to 2028–2030 consensus earnings estimates as additional projects achieve commercial operation and contribute to earnings growth," said Gupta.
Gupta ranks No. 168 among more than 12,200 analysts tracked by TipRanks. His ratings have been profitable 70% of the time, delivering an average return of 21.9%. See Williams Ownership Structure on TipRanks.
Investors looking for stocks in the Oil and Gas - Production and Pipelines sector might want to consider either Ultrapar Participacoes S.A. (UGP) or Williams Companies, Inc. (The) (WMB).
It has been about a month since the last earnings report for Williams Companies, Inc. (The) (WMB - Free Report) . Shares have lost about 6.3% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is The Williams Companies due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Williams Companies, Inc. (The) before we dive into how investors and analysts have reacted as of late.
Williams Companies Q1 Earnings Beat Estimates, Revenues MissThe Williams Companies reported first-quarter 2026 adjusted earnings per share of 73 cents, which beat the Zacks Consensus Estimate of 65 cents. The bottom line increased from the year-ago period’s level of 60 cents, driven mainly by a 12.5% decrease in costs and expenses. Moreover, better-than-expected performance of its Transmission, Power & Gulf, Northeast G&P, West and Gas & NGL Marketing Services segments also contributed, with increases of 17.2%, 1.9%, 15.8% and 46.5%, respectively, from the year-ago quarter’s level.
The Tulsa, OK-based oil and gas storage and transportation company’s revenues of $3 billion missed the Zacks Consensus Estimate of $3.3 billion. The figure decreased marginally by 0.6% from the year-ago quarter’s reported revenues. This can be attributed to lower service revenues tied to commodity contracts and an increased loss from commodity derivative instruments.
Adjusted EBITDA totaled $2.3 billion in the quarter under review, which was up 13.3% year over year. Cash flow from operations amounted to $1.6 billion, up 12% from the corresponding quarter of 2025.
Q1 Segmental AnalysisTransmission, Power & Gulf: The segment reported an adjusted EBITDA of $1 billion, up 17.2% from the year-ago quarter’s level. The increase was driven by contributions from Transco’s higher net rates and expansion projects, new Gulf volumes associated with Shenandoah, Whale and Ballymore, and higher storage revenues due to winter storms and higher rates. However, the figure missed the Zacks Consensus Estimate by 0.8%.
Northeast G&P: Driven primarily by higher volumes at Ohio Valley Midstream and higher gathering volumes and rates at Bradford within Appalachia Midstream, this segment registered an adjusted EBITDA of $524 million. This represents a 1.9% increase from $514 million in the year-earlier quarter. It beat the Zacks Consensus Estimate of $513 million.
West: This segment focuses on the gathering and processing of assets in the Western United States. Adjusted EBITDA for this segment totaled $410 million, up 15.8% from the prior-year quarter’s level of $354 million. Strong results were fueled by Louisiana Energy Gateway, which was placed into service, as well as higher gathering volumes, including contributions from the 2025 Rimrock and Saber acquisitions. Moreover, the figure beat the Zacks Consensus Estimate of $389 million.
Gas & NGL Marketing Services: The segment posted $227 million in adjusted EBITDA, a year-over-year increase from $155 million, driven by higher gas marketing margins due to winter storms. The figure surpassed the Zacks Consensus Estimate of $150 million.
Other: This segment posted an adjusted EBITDA of $83 million, representing a 20.2% decrease from $104 million in the year-earlier quarter, caused by unfavorable changes in net realized results from upstream operations, including the impact of the divested South Mansfield interests. However, the figure beat the Zacks Consensus Estimate of $71 million.
Costs, Capex & Balance SheetIn the reported quarter, total costs and expenses of $1.7 billion decreased almost 12.5% from the year-ago quarter’s figure.
Total capital expenditure (capex) was $1.3 billion. As of March 31, 2026, the company had cash and cash equivalents of $950 million and a long-term debt of $30 billion, with a debt-to-capitalization of 66.5%.
2026 GuidanceThe company reaffirmed its 2026 Adjusted EBITDA outlook in the range of $8.05 billion to $8.35 billion. It now projects 2026 growth capital expenditures of $7 billion to $7.6 billion, while maintenance capex is expected to range between $850 million and $950 million. Williams Companies also expects its 2026 leverage ratio to average around 4.1x. In addition, the company raised its annualized dividend by 5% to $2.10 per share for 2026, up from $2 in 2025. The 2026 growth capex and debt-to-adjusted EBITDA guidance exclude certain reimbursable long-lead equipment costs.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
VGM ScoresAt this time, The Williams Companies has a average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, The Williams Companies has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
For the quarter ended March 2026, Warner Music Group Corp. (WMG - Free Report) reported revenue of $1.73 billion, up 16.7% over the same period last year. EPS came in at $0.44, compared to $0.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.63 billion, representing a surprise of +6.22%. The company delivered an EPS surprise of +48.35%, with the consensus EPS estimate being $0.30.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Warner Music Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Total Recorded Music: $1.38 billion compared to the $1.28 billion average estimate based on two analysts.Revenue- Music Publishing: $353 million compared to the $337.37 million average estimate based on two analysts.Revenue- Corporate expenses and eliminations: $-1 million compared to the $-1.53 million average estimate based on two analysts.Revenue- Recorded Music- Digital: $975 million versus $933.05 million estimated by two analysts on average.Revenue- Recorded Music- Physical: $137 million versus $107.23 million estimated by two analysts on average.Revenue- Recorded Music- Total Digital and Physical: $1.11 billion versus the two-analyst average estimate of $1.04 billion.Revenue- Music Publishing- Other: $4 million compared to the $3.98 million average estimate based on two analysts.Revenue- Recorded Music- Licensing: $104 million versus the two-analyst average estimate of $108.68 million.Revenue- Music Publishing- Performance: $58 million compared to the $55.4 million average estimate based on two analysts.Revenue- Music Publishing- Digital: $224 million versus the two-analyst average estimate of $209.62 million.Revenue- Music Publishing- Mechanical: $17 million versus the two-analyst average estimate of $15.71 million.Revenue- Music Publishing- Synchronization: $50 million compared to the $52.68 million average estimate based on two analysts.View all Key Company Metrics for Warner Music Group here>>>
Shares of Warner Music Group have returned +10.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
