TSE:WPM FY2024 EPS Estimate Lifted by Edison Inv. Res

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Stock analysts at Edison Inv. Res raised their FY2024 earnings per share estimates for Wheaton Precious Metals in a report issued on Wednesday, December 11th. Edison Inv. Res analyst C. Gibson now expects that the company will post earnings of $2.03 per share for the year, up from their prior estimate of $2.02. 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' FY2026 earnings at $2.15 EPS.

A number of other research analysts also recently issued reports on the company. Stifel Canada downgraded Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. National Bankshares raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Peel Hunt boosted their price objective 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 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 report on Thursday, September 26th. Finally, UBS Group upgraded shares of Wheaton Precious Metals to a "strong-buy" rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average price target of C$97.67.

Wheaton Precious Metals Price Performance

Shares of WPM traded down C$1.14 during midday trading on Friday, hitting C$86.22. The stock had a trading volume of 547,364 shares, compared to its average volume of 777,366. The firm has a market cap of C$39.11 billion, a price-to-earnings ratio of 49.84 and a beta of 0.70. The company has a 50 day simple moving average of C$87.53 and a two-hundred day simple moving average of C$82.07. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, December 6th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) 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.