Research Analysts Issue Forecasts for TSE:WPM Q4 Earnings

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Analysts at Raymond James raised their Q4 2024 earnings estimates for Wheaton Precious Metals in a research note issued to investors on Friday, November 8th. Raymond James analyst B. Macarthur now expects that the company will earn $0.56 per share for the quarter, up from their prior estimate of $0.55. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share. Raymond James also issued estimates for Wheaton Precious Metals' Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.65 EPS and FY2025 earnings at $2.59 EPS.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Peel Hunt upped their target price on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. National Bank Financial upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$97.67.

Wheaton Precious Metals Price Performance

Shares of TSE:WPM traded down C$5.30 on Monday, reaching C$84.93. The company's stock had a trading volume of 590,317 shares, compared to its average volume of 774,408. The stock's 50-day moving average is C$85.78 and its two-hundred day moving average is C$80.03. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84. The stock has a market capitalization of C$38.53 billion, a P/E ratio of 50.28 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, December 6th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 annualized dividend and a yield of 0.99%. Wheaton Precious Metals's payout ratio is currently 48.55%.

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.