Raymond James Has Pessimistic Outlook of WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities research analysts at Raymond James cut their FY2025 earnings per share (EPS) estimates for Wheaton Precious Metals in a research note issued on Friday, November 8th. Raymond James analyst B. Macarthur now expects that the company will earn $1.86 per share for the year, down from their previous estimate of $1.87. Raymond James has a "Outperform" rating and a $75.00 price target on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.44 per share. Raymond James also issued estimates for Wheaton Precious Metals' Q4 2025 earnings at $0.49 EPS.

A number of other research analysts also recently issued reports on WPM. Jefferies Financial Group boosted their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Scotiabank raised their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. TD Securities raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday. National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Finally, Stifel Canada cut 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 and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.88.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded down $3.78 on Monday, hitting $61.04. 1,629,464 shares of the company's stock were exchanged, compared to its average volume of 1,774,242. The company has a 50-day simple moving average of $62.79 and a 200-day simple moving average of $58.66. The stock has a market capitalization of $27.69 billion, a PE ratio of 48.37, a PEG ratio of 2.37 and a beta of 0.77. Wheaton Precious Metals has a 1 year low of $38.57 and a 1 year high of $68.64.

Institutional Investors Weigh In On Wheaton Precious Metals

Several institutional investors and hedge funds have recently bought and sold shares of the company. TD Asset Management Inc grew its position in Wheaton Precious Metals by 71.2% during the first quarter. TD Asset Management Inc now owns 4,857,837 shares of the company's stock worth $229,026,000 after buying an additional 2,019,722 shares in the last quarter. Canoe Financial LP bought a new stake in Wheaton Precious Metals in the 3rd quarter worth approximately $113,017,000. AMF Tjanstepension AB raised its position in Wheaton Precious Metals by 593.5% in the second quarter. AMF Tjanstepension AB now owns 1,608,134 shares of the company's stock worth $84,388,000 after acquiring an additional 1,376,231 shares during the period. Barings LLC purchased a new stake in Wheaton Precious Metals in the 2nd quarter worth $65,405,000. Finally, Price T Rowe Associates Inc. MD increased its position in Wheaton Precious Metals by 16.0% during the first 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. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.02%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 46.27%.

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.