Analysts Issue Forecasts for TSE:WPM FY2024 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Equities research analysts at National Bank Financial boosted their FY2024 earnings estimates for shares of Wheaton Precious Metals in a report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $2.03 per share for the year, up from their previous estimate of $1.99. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $2.35 EPS.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.39 by C$0.06. The firm had revenue of C$409.19 million during the quarter, compared to analysts’ expectations of C$400.03 million. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%.

Other equities analysts have also issued research reports about the stock. Eight Capital upped their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. National Bankshares upgraded 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 report on Thursday, October 10th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday. Canaccord Genuity Group raised their price target on Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Finally, Peel Hunt upped their price objective on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Price Performance

WPM stock opened at C$93.00 on Thursday. The company has a market capitalization of C$42.19 billion, a price-to-earnings ratio of 53.76 and a beta of 0.70. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$94.84. The business has a 50 day simple moving average of C$84.19 and a two-hundred day simple moving average of C$78.63.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.214 per share. This represents a $0.86 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s payout ratio 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.