FY2024 EPS Estimates for TSE:WPM Boosted by Edison Inv. Res

Wheaton Precious Metals Corp. (TSE:WPM) – Investment analysts at Edison Inv. Res boosted their FY2024 earnings estimates for shares of Wheaton Precious Metals in a report released on Monday, November 11th. Edison Inv. Res analyst C. Gibson now expects that the company will post earnings of $2.02 per share for the year, up from their previous forecast of $2.01. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $1.71 EPS.

Several other brokerages have also issued reports on WPM. Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. 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. Peel Hunt boosted their target price on shares of 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. National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$90.00 to C$105.00 in a report on Thursday, October 10th. Finally, Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One equities research 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 data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and an average price target of C$97.67.

Wheaton Precious Metals Trading Down 0.7 %

Shares of TSE:WPM opened at C$82.68 on Wednesday. The firm has a 50 day moving average of C$85.84 and a 200-day moving average of C$80.29. The stock has a market capitalization of C$37.51 billion, a PE ratio of 47.79 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 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, December 6th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.84 annualized dividend and a yield of 1.02%. Wheaton Precious Metals’s payout ratio is currently 48.55%.

About Wheaton Precious Metals

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.