National Bank Financial Predicts WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Stock analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of Wheaton Precious Metals in a research report issued on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $1.67 per share for the year, up from their prior estimate of $1.66. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.46 per share.

Other analysts have also issued research reports about the company. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Raymond James increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, October 25th. UBS Group began coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 target price for the company. Finally, TD Securities increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Buy" and an average target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM traded down $1.68 on Thursday, reaching $67.58. 1,434,846 shares of the company traded hands, compared to its average volume of 1,392,055. The company's 50 day moving average is $60.22 and its 200-day moving average is $61.13. Wheaton Precious Metals has a fifty-two week low of $38.57 and a fifty-two week high of $69.58. The stock has a market capitalization of $30.66 billion, a PE ratio of 50.44, a P/E/G ratio of 1.70 and a beta of 0.77.

Institutional Trading of Wheaton Precious Metals

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fielder Capital Group LLC raised its holdings in shares of Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after acquiring an additional 176 shares in the last quarter. Signaturefd LLC raised its holdings in Wheaton Precious Metals by 1.5% during the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after buying an additional 178 shares in the last quarter. Merit Financial Group LLC raised its holdings in Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock valued at $271,000 after buying an additional 179 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in Wheaton Precious Metals by 2.2% during the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock valued at $522,000 after buying an additional 187 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after buying an additional 196 shares in the last quarter. 70.34% of the stock is currently 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.