What is Stifel Canada’s Forecast for WPM Q4 Earnings?

Wheaton Precious Metals Corp. (NYSE:WPM) – Investment analysts at Stifel Canada issued their Q4 2024 earnings per share estimates for Wheaton Precious Metals in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico anticipates that the company will earn $0.44 per share for the quarter. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $1.86 EPS.

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

Several other equities research analysts have also commented on the company. TD Securities upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James upped their price target 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. Finally, UBS Group started coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $66.22 on Friday. The firm has a market capitalization of $30.04 billion, a PE ratio of 49.42, a P/E/G ratio of 1.61 and a beta of 0.77. The business has a 50-day moving average of $59.58 and a two-hundred day moving average of $60.75. Wheaton Precious Metals has a 12 month low of $38.57 and a 12 month high of $68.64.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of large investors have recently modified their holdings of WPM. Versant Capital Management Inc purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $29,000. Promus Capital LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $38,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

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.