FY2024 Earnings Estimate for TSE:WPM Issued By Raymond James

Wheaton Precious Metals Corp. (TSE:WPM) – Stock analysts at Raymond James boosted their FY2024 EPS estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $2.06 per share for the year, up from their previous forecast of $1.90. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Raymond James also issued estimates for Wheaton Precious Metals’ Q4 2024 earnings at $0.65 EPS and Q4 2025 earnings at $0.65 EPS.

Several other brokerages have also weighed in on WPM. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Stifel Nicolaus increased their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Finally, Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$91.64 on Monday. The business has a 50 day simple moving average of C$85.09 and a 200-day simple moving average of C$84.48. The stock has a market capitalization of C$41.57 billion, a PE ratio of 52.97 and a beta of 0.70. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same quarter in the prior year, the firm earned $0.36 EPS.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.84 annualized dividend and a yield of 0.92%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 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.