Zacks Research Has Positive Forecast for TSE:WPM Q4 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Equities researchers at Zacks Research upped their Q4 2024 earnings estimates for shares of Wheaton Precious Metals in a research note issued to investors on Thursday, November 14th. Zacks Research analyst M. Das now anticipates that the company will post earnings of $0.53 per share for the quarter, up from their previous estimate of $0.51. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Several other research firms also recently weighed in on WPM. 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. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Stifel Nicolaus boosted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Eight Capital raised their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, 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. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Trading Down 0.9 %

WPM stock opened at C$82.66 on Monday. The company’s 50-day moving average price is C$85.94 and its 200 day moving average price is C$80.42. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$94.84. The company has a market cap of C$37.50 billion, a P/E ratio of 47.78 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, December 6th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is presently 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.