What is Raymond James’ Estimate for TSE:WPM FY2024 Earnings?

Wheaton Precious Metals Corp. (TSE:WPM) – Equities research analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a report released on Thursday, January 30th. Raymond James analyst B. Macarthur now forecasts that the company will earn $2.06 per share for the year, up from their prior 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 commented on WPM. Stifel Nicolaus raised their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Finally, National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Price Performance

WPM opened at C$90.68 on Monday. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$94.84. The firm has a market capitalization of C$41.14 billion, a price-to-earnings ratio of 52.42 and a beta of 0.70. The business has a 50 day simple moving average of C$84.89 and a two-hundred day simple moving average of C$84.35.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 earnings per share for the quarter, meeting the consensus estimate 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 period in the prior year, the company earned $0.36 earnings per share.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 0.93%. Wheaton Precious Metals’s payout ratio is 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.