TSE:WPM FY2024 EPS Lowered by National Bank Financial

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Equities researchers at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a report issued on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $2.07 per share for the year, down from their prior forecast of $2.13. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share.

A number of other equities research analysts have also issued reports on the company. UBS Group upgraded Wheaton Precious Metals to a "strong-buy" rating in a research report on Monday, November 18th. Stifel Nicolaus increased their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Finally, Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of "Buy" and an average price target of C$97.67.

Wheaton Precious Metals Price Performance

TSE WPM traded down C$2.54 during mid-day trading on Thursday, hitting C$95.71. The stock had a trading volume of 632,187 shares, compared to its average volume of 578,394. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$98.76. The firm's 50 day moving average is C$86.45 and its 200 day moving average is C$85.23. The stock has a market capitalization of C$30.35 billion, a price-to-earnings ratio of 49.80 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is 43.71%.

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.