Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Equities research analysts at Raymond James boosted their Q3 2024 EPS estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.54 per share for the quarter, up from their prior estimate of $0.51. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.35 per share. Raymond James also issued estimates for Wheaton Precious Metals' FY2024 earnings at $1.96 EPS, Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.65 EPS and Q4 2025 earnings at $0.68 EPS.
A number of other equities analysts have also recently issued reports on WPM. Canaccord Genuity Group upped their price objective on Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Eight Capital upped their target price on Wheaton Precious Metals from C$85.00 to C$95.00 in a research note on Thursday, July 11th.
Read Our Latest Analysis on Wheaton Precious Metals
Wheaton Precious Metals Trading Up 1.4 %
Shares of TSE WPM traded up C$1.23 during midday trading on Wednesday, hitting C$86.55. 1,024,450 shares of the company's stock were exchanged, compared to its average volume of 783,705. The business's fifty day moving average price is C$81.67 and its two-hundred day moving average price is C$75.26. The company has a market cap of C$39.26 billion, a price-to-earnings ratio of 49.89 and a beta of 0.71. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$87.05.
Wheaton Precious Metals (TSE:WPM - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, beating analysts' consensus estimates of C$0.39 by C$0.06. The firm had revenue of C$409.19 million during the quarter, compared to analyst estimates of C$400.03 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%.
Wheaton Precious Metals Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.214 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.86 annualized dividend and a dividend yield of 0.99%. Wheaton Precious Metals's payout ratio is 49.12%.
About Wheaton Precious Metals
(
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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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