WPM FY2024 EPS Estimate Decreased by National Bank Financial

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research note issued on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $1.45 per share for the year, down from their prior estimate of $1.48. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q4 2024 earnings at $0.42 EPS.

Other equities analysts have also recently issued reports about the company. TD Securities upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. UBS Group began coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Raymond James upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and an average target price of $71.67.

Wheaton Precious Metals Stock Up 2.3 %

Wheaton Precious Metals stock opened at $68.31 on Wednesday. The business has a 50-day simple moving average of $59.97 and a 200 day simple moving average of $60.98. Wheaton Precious Metals has a 52 week low of $38.57 and a 52 week high of $68.64. The stock has a market cap of $30.99 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 1.70 and a beta of 0.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $472,648,000. FMR LLC raised its position in shares of Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after acquiring an additional 3,692,594 shares in the last quarter. Canoe Financial LP bought a new position in shares of Wheaton Precious Metals in the 3rd quarter worth approximately $113,017,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $72,657,000. Finally, Van ECK Associates Corp raised its position in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after acquiring an additional 1,231,999 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

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.