Q4 2024 EPS Estimates for Wheaton Precious Metals Corp. Increased by Raymond James (NYSE:WPM)

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Stock analysts at Raymond James boosted their Q4 2024 earnings estimates for Wheaton Precious Metals in a research note issued to investors on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will earn $0.40 per share for the quarter, up from their prior estimate of $0.37. Raymond James currently has a "Outperform" rating and a $72.00 target price on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.41 per share. Raymond James also issued estimates for Wheaton Precious Metals' FY2025 earnings at $1.89 EPS.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The company had revenue of $299.06 million for the quarter, compared to the consensus estimate of $309.54 million. During the same quarter last year, the business posted $0.31 earnings per share. The firm's revenue was up 12.9% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on WPM. Berenberg Bank raised their target price on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, June 27th. Bank of America lifted their price objective on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, June 26th. Jefferies Financial Group increased their target price on Wheaton Precious Metals from $62.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 12th. CIBC lifted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 10th. Finally, TD Securities reduced their price objective on Wheaton Precious Metals from $71.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $68.63.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM traded up $0.06 on Thursday, hitting $64.22. The company's stock had a trading volume of 1,566,873 shares, compared to its average volume of 1,784,923. Wheaton Precious Metals has a 1 year low of $38.37 and a 1 year high of $64.82. The company has a market capitalization of $29.13 billion, a PE ratio of 49.40, a PEG ratio of 2.27 and a beta of 0.78. The company has a 50-day simple moving average of $59.93 and a 200 day simple moving average of $55.24.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC raised its holdings in Wheaton Precious Metals by 1.4% in the 1st quarter. First Eagle Investment Management LLC now owns 21,403,409 shares of the company's stock worth $1,008,743,000 after acquiring an additional 292,968 shares during the last quarter. Van ECK Associates Corp increased its holdings in Wheaton Precious Metals by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company's stock worth $1,047,621,000 after buying an additional 197,426 shares in the last quarter. Vanguard Group Inc. raised its position in Wheaton Precious Metals by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company's stock worth $790,392,000 after buying an additional 272,918 shares during the last quarter. FIL Ltd lifted its stake in Wheaton Precious Metals by 5.5% during the 4th quarter. FIL Ltd now owns 10,646,479 shares of the company's stock valued at $525,235,000 after acquiring an additional 550,804 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Wheaton Precious Metals by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company's stock valued at $344,483,000 after acquiring an additional 1,010,307 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals's dividend payout ratio is currently 47.69%.

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.