Brokers Issue Forecasts for WPM Q1 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities researchers at Stifel Canada issued their Q1 2025 earnings estimates for Wheaton Precious Metals in a report issued on Monday, April 21st. Stifel Canada analyst I. Rico forecasts that the company will post earnings per share of $0.50 for the quarter. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.46 per share. Stifel Canada also issued estimates for Wheaton Precious Metals' FY2025 earnings at $2.14 EPS and FY2026 earnings at $2.50 EPS.

Other research analysts have also issued research reports about the stock. UBS Group lifted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Raymond James lifted their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. Scotiabank lifted their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. Finally, Royal Bank of Canada upped their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of "Buy" and a consensus price target of $83.40.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $83.49 on Wednesday. The firm's 50 day moving average is $74.25 and its 200-day moving average is $65.94. Wheaton Precious Metals has a 12-month low of $50.95 and a 12-month high of $87.42. The stock has a market capitalization of $37.88 billion, a P/E ratio of 62.31, a P/E/G ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's payout ratio is presently 56.90%.

Hedge Funds Weigh In On Wheaton Precious Metals

Hedge funds have recently bought and sold shares of the business. NBT Bank N A NY boosted its stake in shares of Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after acquiring an additional 234 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Wheaton Precious Metals in the 4th quarter worth approximately $29,000. Promus Capital LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $32,000. Princeton Global Asset Management LLC acquired a new position in Wheaton Precious Metals during the first quarter valued at approximately $52,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $38,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Company Profile

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

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