FY2025 Earnings Estimate for WPM Issued By Edison Inv. Res

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities researchers at Edison Inv. Res decreased their FY2025 earnings estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Monday, November 11th. Edison Inv. Res analyst C. Gibson now anticipates that the company will earn $1.23 per share for the year, down from their previous forecast of $1.26. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.44 per share.

Other equities research analysts have also issued research reports about the stock. Scotiabank boosted their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. TD Securities raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Raymond James upped their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $70.88.

Wheaton Precious Metals Stock Down 1.1 %

Shares of WPM stock traded down $0.64 during mid-day trading on Wednesday, reaching $59.05. The stock had a trading volume of 1,342,496 shares, compared to its average volume of 1,775,497. Wheaton Precious Metals has a one year low of $38.57 and a one year high of $68.64. The firm has a market cap of $26.79 billion, a PE ratio of 44.07, a P/E/G ratio of 2.17 and a beta of 0.77. The firm's 50 day simple moving average is $62.76 and its 200 day simple moving average is $58.75.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the prior year, the business earned $0.27 earnings per share.

Institutional Trading of Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc increased its stake in Wheaton Precious Metals by 6.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company's stock valued at $175,000 after buying an additional 190 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after acquiring an additional 196 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of Wheaton Precious Metals by 0.6% in the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company's stock valued at $2,110,000 after acquiring an additional 197 shares during the last quarter. Capital International Inc. CA raised its holdings in Wheaton Precious Metals by 2.5% during the first quarter. Capital International Inc. CA now owns 8,308 shares of the company's stock worth $392,000 after acquiring an additional 204 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Wheaton Precious Metals by 1.0% during the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company's stock worth $1,318,000 after acquiring an additional 210 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Dividend Announcement

The company 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. This represents a $0.62 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 46.27%.

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.