Q4 EPS Forecast for Wheaton Precious Metals Cut by Analyst

Wheaton Precious Metals Corp. (TSE:WPM) – Stock analysts at National Bank Financial cut their Q4 2024 earnings estimates for shares of Wheaton Precious Metals in a research note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.65. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

A number of other research analysts also recently issued reports on WPM. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Up 2.2 %

Shares of Wheaton Precious Metals stock opened at C$97.56 on Wednesday. The firm’s 50 day moving average price is C$86.08 and its 200-day moving average price is C$84.99. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$97.61. The company has a market cap of C$44.26 billion, a P/E ratio of 56.39 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 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.