Zacks Research Issues Positive Outlook for TSE:WPM Earnings

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Equities researchers at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a report released on Thursday, November 14th. Zacks Research analyst M. Das now forecasts that the company will post earnings of $0.53 per share for the quarter, up from their prior forecast of $0.51. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share.

A number of other equities research analysts also recently weighed in on WPM. Peel Hunt raised their target price on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. 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 report on Thursday, October 10th. National Bank Financial raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, Canaccord Genuity Group lifted their target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$97.67.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded up C$2.48 during midday trading on Monday, hitting C$85.14. The company's stock had a trading volume of 287,986 shares, compared to its average volume of 770,942. The company has a 50-day moving average price of C$85.94 and a two-hundred day moving average price of C$80.42. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$94.84. The company has a market cap of C$38.62 billion, a price-to-earnings ratio of 49.24 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio 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.