What is Edison Inv. Res' Forecast for WPM FY2025 Earnings?

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Research analysts at Edison Inv. Res reduced their FY2025 earnings per share estimates for Wheaton Precious Metals in a report released on Thursday, March 27th. Edison Inv. Res analyst C. Gibson now expects that the company will post earnings of $1.23 per share for the year, down from their previous forecast of $1.67. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.46 per share.

Other research analysts have also issued research reports about the stock. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank increased their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a report on Monday, March 17th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $72.44.

Wheaton Precious Metals Stock Performance

Shares of WPM stock traded down $0.57 during mid-day trading on Monday, reaching $76.89. The company's stock had a trading volume of 1,851,244 shares, compared to its average volume of 1,649,785. The firm's 50-day moving average is $68.84 and its two-hundred day moving average is $63.92. The company has a market cap of $34.88 billion, a P/E ratio of 57.38, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a 1-year low of $47.02 and a 1-year high of $78.10.

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

Institutional Investors Weigh In On Wheaton Precious Metals

A number of hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Wheaton Precious Metals by 14.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,047 shares of the company's stock worth $3,265,000 after purchasing an additional 7,265 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new position in Wheaton Precious Metals in the 4th quarter valued at $11,678,000. Comprehensive Money Management Services LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at $1,063,000. Total Wealth Planning & Management Inc. bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $244,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $780,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals's payout ratio is currently 56.90%.

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.