FY2024 EPS Estimates for TSE:WPM Increased by Analyst

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Stock analysts at Edison Inv. Res upped their FY2024 earnings per share estimates for Wheaton Precious Metals in a report issued on Monday, November 11th. Edison Inv. Res analyst C. Gibson now expects that the company will earn $2.02 per share for the year, up from their previous estimate of $2.01. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals' FY2025 earnings at $1.71 EPS.

A number of other equities analysts have also weighed in on WPM. Peel Hunt increased their target price on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Eight Capital raised their price objective on shares of 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. National Bank Financial raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, Stifel Nicolaus boosted their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$97.67.

Wheaton Precious Metals Price Performance

Shares of TSE WPM traded down C$0.55 during trading on Wednesday, reaching C$82.68. 620,903 shares of the stock traded hands, compared to its average volume of 775,012. The company has a 50-day moving average of C$85.81 and a 200-day moving average of C$80.21. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84. The stock has a market capitalization of C$37.51 billion, a P/E ratio of 48.11 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, December 6th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is 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.