Raymond James Has Optimistic View of TSE:WPM FY2024 Earnings

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Investment analysts at Raymond James lifted their FY2024 EPS estimates for shares of Wheaton Precious Metals in a report issued on Thursday, January 30th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $2.06 per share for the year, up from their previous estimate of $1.90. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share. Raymond James also issued estimates for Wheaton Precious Metals' Q4 2024 earnings at $0.65 EPS and Q4 2025 earnings at $0.65 EPS.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 EPS for the quarter, hitting analysts' consensus estimates of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same quarter last year, the firm posted $0.36 EPS.

Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. National Bank Financial raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. UBS Group raised shares of Wheaton Precious Metals to a "strong-buy" rating in a research report on Monday, November 18th. Finally, National Bankshares raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$97.67.

Wheaton Precious Metals Stock Up 3.1 %

Shares of TSE:WPM traded up C$2.80 during trading on Monday, hitting C$94.44. 867,620 shares of the company were exchanged, compared to its average volume of 553,443. The business's 50 day moving average is C$85.09 and its 200-day moving average is C$84.48. The company has a market capitalization of C$42.84 billion, a P/E ratio of 54.59 and a beta of 0.70. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$95.70.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were paid a $0.21 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.89%. Wheaton Precious Metals's dividend payout ratio (DPR) 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.