Raymond James Has Bullish Forecast for WPM Q1 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Analysts at Raymond James raised their Q1 2025 earnings estimates for Wheaton Precious Metals in a research note issued to investors on Monday, April 14th. Raymond James analyst B. Macarthur now expects that the company will earn $0.53 per share for the quarter, up from their prior estimate of $0.48. Raymond James currently has a "Outperform" rating and a $90.00 target price on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.46 per share. Raymond James also issued estimates for Wheaton Precious Metals' Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.64 EPS and FY2025 earnings at $2.40 EPS.

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

A number of other equities research analysts have also issued reports on the company. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Scotiabank lifted their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Wednesday. They issued an "outperform" rating and a $129.00 price target for the company. Royal Bank of Canada boosted their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Finally, UBS Group upped their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals currently has an average rating of "Buy" and an average price target of $83.40.

Wheaton Precious Metals Stock Down 0.7 %

Shares of WPM traded down $0.60 on Wednesday, reaching $84.16. The stock had a trading volume of 1,745,316 shares, compared to its average volume of 1,642,027. The firm has a market capitalization of $38.18 billion, a PE ratio of 62.81, a PEG ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals has a twelve month low of $50.91 and a twelve month high of $86.20. The firm has a 50-day moving average of $73.63 and a 200 day moving average of $65.58.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's payout ratio is 56.90%.

Hedge Funds Weigh In On Wheaton Precious Metals

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth about $20,790,000. Sei Investments Co. grew its stake in shares of Wheaton Precious Metals by 25.7% in the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after purchasing an additional 8,331 shares in the last quarter. CWA Asset Management Group LLC increased its stake in Wheaton Precious Metals by 19.7% during the 4th quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company's stock valued at $9,196,000 after buying an additional 26,924 shares during the period. Bank of New York Mellon Corp raised its holdings in Wheaton Precious Metals by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after purchasing an additional 33,256 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Wheaton Precious Metals by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after buying an additional 216 shares during the period. 70.34% of the stock is currently owned by institutional investors.

About Wheaton Precious Metals

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.