Research Analysts Set Expectations for TSE:WPM Q3 Earnings

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Equities research analysts at National Bank Financial reduced their Q3 2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.46 per share for the quarter, down from their previous forecast of $0.50. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share.

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

Other equities analysts have also recently issued research reports about the company. Eight Capital upped their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Canaccord Genuity Group upped their price target on Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Peel Hunt upped their price target 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. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Stifel Nicolaus upped their price target on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

The firm has a market cap of C$41.69 billion, a PE ratio of 53.13 and a beta of 0.70. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84. The company has a 50-day moving average of C$84.19 and a 200-day moving average of C$78.63.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.214 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.86 dividend on an annualized basis and a dividend yield of ∞. Wheaton Precious Metals's payout ratio is currently 48.55%.

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.