Q4 2024 Earnings Forecast for Wheaton Precious Metals Corp. Issued By Raymond James (TSE:WPM)

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Equities research analysts at Raymond James increased their Q4 2024 earnings estimates for shares of Wheaton Precious Metals in a report released on Monday, September 23rd. Raymond James analyst B. Macarthur now forecasts 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' FY2025 earnings at $2.57 EPS.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.39 by C$0.06. The firm had revenue of C$409.19 million for the quarter, compared to the consensus estimate of C$400.03 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%.

A number of other equities research analysts have also weighed in on WPM. Eight Capital boosted their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a "buy" rating in a research note on Thursday. Canaccord Genuity Group upped their price objective on Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock traded down C$0.02 during trading on Thursday, hitting C$86.53. 841,900 shares of the company's stock traded hands, compared to its average volume of 784,016. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$87.37. The business has a 50-day simple moving average of C$81.78 and a 200-day simple moving average of C$75.42. The stock has a market capitalization of C$39.25 billion, a P/E ratio of 50.60 and a beta of 0.71.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.214 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.99%. Wheaton Precious Metals's dividend payout ratio is 49.12%.

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.