What is Stifel Canada's Estimate for WPM Q4 Earnings?

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Analysts at Stifel Canada issued their Q4 2024 earnings estimates for Wheaton Precious Metals in a research report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico expects that the company will post earnings per share of $0.44 for the quarter. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.46 per share. Stifel Canada also issued estimates for Wheaton Precious Metals' FY2025 earnings at $1.86 EPS.

A number of other brokerages have also commented on WPM. Raymond James upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. TD Securities increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a "buy" rating and a $78.00 price objective on the stock. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $71.67.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded up $1.71 during trading on Friday, reaching $67.90. The company's stock had a trading volume of 967,690 shares, compared to its average volume of 1,438,797. The business's fifty day moving average price is $59.66 and its 200-day moving average price is $60.81. Wheaton Precious Metals has a one year low of $38.57 and a one year high of $68.64. The firm has a market cap of $30.80 billion, a price-to-earnings ratio of 50.70, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77.

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

Institutional Trading of Wheaton Precious Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WPM. Charles Schwab Investment Management Inc. boosted its holdings in Wheaton Precious Metals by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company's stock valued at $58,422,000 after purchasing an additional 36,970 shares in the last quarter. Well Done LLC boosted its stake in Wheaton Precious Metals by 173.9% in the 3rd quarter. Well Done LLC now owns 38,108 shares of the company's stock valued at $2,328,000 after buying an additional 24,196 shares in the last quarter. Swiss National Bank grew its position in Wheaton Precious Metals by 0.8% in the third quarter. Swiss National Bank now owns 1,370,800 shares of the company's stock valued at $83,854,000 after acquiring an additional 10,600 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Wheaton Precious Metals during the third quarter worth $1,287,000. Finally, CWA Asset Management Group LLC lifted 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. Institutional investors own 70.34% of the company's stock.

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.