Zacks Research Issues Positive Outlook for WPM Earnings

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Research analysts at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a research note issued on Thursday, November 14th. Zacks Research analyst M. Das now expects that the company will post earnings of $0.38 per share for the quarter, up from their previous forecast of $0.37. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.44 per share.

Several other equities analysts have also recently commented on the company. Jefferies Financial Group increased their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, October 4th. TD Securities upped their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Raymond James raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, National Bank Financial upgraded shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.67.

Wheaton Precious Metals Price Performance

NYSE WPM traded up $2.23 during mid-day trading on Monday, hitting $60.90. The company's stock had a trading volume of 1,820,388 shares, compared to its average volume of 1,774,662. Wheaton Precious Metals has a 52-week low of $38.57 and a 52-week high of $68.64. The stock's fifty day simple moving average is $62.81 and its two-hundred day simple moving average is $58.93. The firm has a market capitalization of $27.63 billion, a P/E ratio of 45.45, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77.

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

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is presently 46.27%.

Hedge Funds Weigh In On Wheaton Precious Metals

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank grew its stake in Wheaton Precious Metals by 58.2% in the 3rd quarter. Toronto Dominion Bank now owns 876,342 shares of the company's stock valued at $53,527,000 after buying an additional 322,339 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Wheaton Precious Metals by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,002,629 shares of the company's stock worth $121,939,000 after buying an additional 111,769 shares in the last quarter. Barclays PLC lifted its holdings in shares of Wheaton Precious Metals by 9.9% in the third quarter. Barclays PLC now owns 315,914 shares of the company's stock worth $19,297,000 after acquiring an additional 28,485 shares during the last quarter. Continuum Advisory LLC lifted its stake in Wheaton Precious Metals by 585.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,672 shares of the company's stock valued at $99,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Wheaton Precious Metals during the 3rd quarter worth $2,337,000. 70.34% of the stock is owned by institutional investors.

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.