Research Analysts Offer Predictions for WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Stock analysts at Edison Inv. Res cut their FY2025 earnings per share estimates for Wheaton Precious Metals in a report released on Monday, November 11th. Edison Inv. Res analyst C. Gibson now forecasts that the company will post earnings of $1.23 per share for the year, down from their prior estimate of $1.26. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.44 per share.

WPM has been the subject of several other reports. Jefferies Financial Group boosted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Scotiabank boosted their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Raymond James boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.88.

Wheaton Precious Metals Trading Down 1.1 %

Shares of NYSE WPM opened at $59.05 on Wednesday. Wheaton Precious Metals has a twelve month low of $38.57 and a twelve month high of $68.64. The stock has a fifty day simple moving average of $62.76 and a 200-day simple moving average of $58.75. The stock has a market capitalization of $26.79 billion, a PE ratio of 44.07, a PEG ratio of 2.17 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same period in the previous year, the firm posted $0.27 earnings per share.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 46.27%.

Institutional Trading of Wheaton Precious Metals

Institutional investors and hedge funds have recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at about $31,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at about $31,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter valued at about $48,000. Sunbelt Securities Inc. purchased a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at about $47,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter valued at about $67,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

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.