Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Stock analysts at Stifel Canada increased their FY2024 earnings per share estimates for Wheaton Precious Metals in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now expects that the company will post earnings per share of $1.43 for the year, up from their previous forecast of $1.42. Stifel Canada currently has a "Hold" rating on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.44 per share.
Several other brokerages also recently issued reports on WPM. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Jefferies Financial Group raised their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, October 4th. CIBC upped their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 10th. TD Securities dropped their price objective on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Finally, Raymond James upped their target price on shares of Wheaton Precious Metals from $70.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.88.
Get Our Latest Analysis on WPM
Wheaton Precious Metals Stock Performance
WPM traded down $1.08 on Wednesday, reaching $67.45. 1,323,492 shares of the company's stock were exchanged, compared to its average volume of 1,762,200. Wheaton Precious Metals has a twelve month low of $38.57 and a twelve month high of $68.64. The company's 50 day moving average is $61.69 and its 200-day moving average is $57.44. The company has a market cap of $30.60 billion, a price-to-earnings ratio of 53.53, a PEG ratio of 2.45 and a beta of 0.78.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 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 business had revenue of $299.06 million during the quarter, compared to the consensus estimate of $309.54 million. During the same period in the prior year, the firm posted $0.31 EPS. The business's revenue for the quarter was up 12.9% on a year-over-year basis.
Wheaton Precious Metals Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a $0.155 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 0.92%. Wheaton Precious Metals's dividend payout ratio is currently 49.21%.
Institutional Trading of Wheaton Precious Metals
Several hedge funds have recently made changes to their positions in the stock. First Eagle Investment Management LLC lifted its position 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 valued at $1,008,743,000 after purchasing an additional 292,968 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Wheaton Precious Metals by 1.0% during the second 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 during the period. Vanguard Group Inc. boosted its position in shares of Wheaton Precious Metals by 1.7% during the first 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 period. Price T Rowe Associates Inc. MD grew its holdings in Wheaton Precious Metals by 16.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company's stock worth $344,483,000 after buying an additional 1,010,307 shares in the last quarter. Finally, TD Asset Management Inc increased its position in Wheaton Precious Metals by 22.5% in the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock valued at $311,920,000 after acquiring an additional 1,092,480 shares during the period. Institutional investors own 70.34% of the company's stock.
About Wheaton Precious Metals
(
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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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