Scotiabank Has Positive Outlook for WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Research analysts at Scotiabank boosted their FY2025 earnings estimates for Wheaton Precious Metals in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $1.89 per share for the year, up from their previous estimate of $1.55. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.44 per share. Scotiabank also issued estimates for Wheaton Precious Metals' FY2026 earnings at $2.00 EPS.

Other equities research analysts also recently issued research reports about the stock. TD Securities upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, November 8th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective for the company. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.67.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $57.17 on Monday. The firm has a market capitalization of $25.94 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 1.67 and a beta of 0.76. Wheaton Precious Metals has a 1 year low of $38.57 and a 1 year high of $68.64. The stock has a fifty day moving average of $60.25 and a two-hundred day moving average of $60.35.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period in the previous year, the firm posted $0.27 earnings per share.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals's payout ratio is 46.27%.

Institutional Investors Weigh In On Wheaton Precious Metals

Hedge funds have recently modified their holdings of the stock. Douglas Lane & Associates LLC lifted its stake in Wheaton Precious Metals by 2.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 515,605 shares of the company's stock valued at $28,998,000 after buying an additional 13,388 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Wheaton Precious Metals by 19.7% during the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company's stock valued at $9,196,000 after acquiring an additional 26,924 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $41,000. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals in the 4th quarter worth approximately $29,000. Finally, Confluence Investment Management LLC grew its position in Wheaton Precious Metals by 4.4% during the 4th quarter. Confluence Investment Management LLC now owns 12,656 shares of the company's stock worth $712,000 after purchasing an additional 536 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

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.