Q3 2024 EPS Estimates for Wheaton Precious Metals Corp. (NYSE:WPM) Raised by Analyst

Wheaton Precious Metals Corp. (NYSE:WPM) – Stock analysts at National Bank Financial lifted their Q3 2024 earnings per share estimates for shares of Wheaton Precious Metals in a research note issued on Wednesday, October 9th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.37 per share for the quarter, up from their previous estimate of $0.35. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.42 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q4 2024 earnings at $0.41 EPS and FY2024 earnings at $1.46 EPS.

WPM has been the subject of several other research reports. TD Securities lowered their price objective on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Jefferies Financial Group raised 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. Bank of America upped their price target on Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, CIBC raised their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $69.88.

Wheaton Precious Metals Trading Down 0.4 %

WPM stock opened at $60.71 on Friday. The firm has a market cap of $27.54 billion, a PE ratio of 48.18, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. The stock has a 50-day moving average price of $60.27 and a 200-day moving average price of $56.46. Wheaton Precious Metals has a 1-year low of $38.57 and a 1-year high of $64.82.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $299.06 million during the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. Wheaton Precious Metals’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share.

Hedge Funds Weigh In On Wheaton Precious Metals

Large investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc lifted its position in shares of Wheaton Precious Metals by 6.1% during the second quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock valued at $175,000 after purchasing an additional 190 shares in the last quarter. Capital International Inc. CA lifted its position in shares of Wheaton Precious Metals by 2.5% during the 1st quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock worth $392,000 after buying an additional 204 shares in the last quarter. Western Pacific Wealth Management LP boosted its stake in shares of Wheaton Precious Metals by 19.6% in the 1st quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after buying an additional 218 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Wheaton Precious Metals by 5.3% in the first quarter. Brookstone Capital Management now owns 4,771 shares of the company’s stock valued at $225,000 after acquiring an additional 240 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Wheaton Precious Metals by 25.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after acquiring an additional 253 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.155 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio is presently 49.21%.

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.