Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Scotiabank boosted their FY2024 EPS estimates for shares of Wheaton Precious Metals in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $2.08 per share for the year, up from their previous estimate of $1.81. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share. Scotiabank also issued estimates for Wheaton Precious Metals' FY2025 earnings at $2.72 EPS and FY2026 earnings at $2.88 EPS.
A number of other research firms also recently weighed in on WPM. Eight Capital raised their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. National Bankshares upgraded shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Finally, UBS Group upgraded shares of Wheaton Precious Metals to a "strong-buy" rating in a report on Monday, November 18th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$97.67.
Read Our Latest Report on WPM
Wheaton Precious Metals Trading Down 2.1 %
Shares of TSE:WPM opened at C$82.50 on Monday. The business has a fifty day simple moving average of C$85.44 and a 200 day simple moving average of C$83.29. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$94.84. The firm has a market cap of C$37.43 billion, a price-to-earnings ratio of 47.69 and a beta of 0.70.
Wheaton Precious Metals Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were paid a $0.21 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a yield of 1.02%. Wheaton Precious Metals's payout ratio is presently 48.55%.
Wheaton Precious Metals Company Profile
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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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