Wheaton Precious Metals (TSE:WPM) Lifted to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of Wheaton Precious Metals (TSE:WPM) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning, Marketbeat reports. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.56 EPS and FY2024 earnings at $1.99 EPS.

WPM has been the topic of several other reports. Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Eight Capital lifted their price target on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a buy rating in a research note on Thursday, September 26th. National Bankshares raised shares of Wheaton Precious Metals from a sector perform rating to an outperform rating and lifted their price target for the stock from C$90.00 to C$105.00 in a research note on Thursday. Finally, Peel Hunt raised 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. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of Buy and a consensus target price of C$94.00.

Wheaton Precious Metals Stock Down 0.3 %

Shares of TSE:WPM opened at C$83.57 on Wednesday. The firm has a market capitalization of C$37.91 billion, a PE ratio of 48.87 and a beta of 0.70. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$87.37. The company has a 50-day moving average price of C$81.97 and a two-hundred day moving average price of C$77.10.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The firm had revenue of C$409.19 million for the quarter, compared to the consensus estimate of C$400.03 million. Analysts anticipate that Wheaton Precious Metals will post 2.412993 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a $0.214 dividend. This represents a $0.86 annualized dividend and a yield of 1.02%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 49.12%.

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.