FY2024 EPS Estimates for TSE:WPM Lifted by Analyst

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Equities research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Wheaton Precious Metals in a report released on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $2.03 per share for the year, up from their prior estimate of $1.99. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share. National Bank Financial also issued estimates for Wheaton Precious Metals' FY2025 earnings at $2.35 EPS.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.39 by C$0.06. The business 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 return on equity of 8.16% and a net margin of 50.44%.

WPM has been the subject of a number of other research reports. Stifel Nicolaus boosted their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday. 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 report on Thursday, September 26th. 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. Finally, Peel Hunt raised their target price on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average price target of C$97.67.

Wheaton Precious Metals Stock Performance

WPM traded down C$0.33 during midday trading on Thursday, hitting C$93.00. The company had a trading volume of 942,608 shares, compared to its average volume of 769,230. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$94.84. The firm's 50-day simple moving average is C$83.92 and its 200-day simple moving average is C$78.53. The company has a market capitalization of C$42.19 billion, a PE ratio of 53.38 and a beta of 0.70.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.214 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 annualized dividend and a yield of 0.92%. Wheaton Precious Metals's dividend payout ratio is currently 48.55%.

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.