National Bank Financial Predicts TSE:WPM FY2024 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Investment analysts at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a research report issued on Monday, February 10th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $2.07 for the year, down from their prior forecast of $2.13. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

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

Wheaton Precious Metals Trading Up 0.7 %

Shares of TSE:WPM opened at C$98.25 on Thursday. The stock’s 50-day moving average price is C$86.08 and its two-hundred day moving average price is C$84.99. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$98.76. The firm has a market cap of C$31.16 billion, a price-to-earnings ratio of 51.12 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 issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 0.85%. Wheaton Precious Metals’s payout ratio is currently 43.71%.

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.