Brokers Offer Predictions for WPM FY2024 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at National Bank Financial raised their FY2024 EPS estimates for shares of Wheaton Precious Metals in a research note issued to investors on Wednesday, February 19th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $1.46 per share for the year, up from their previous estimate of $1.45. 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 $0.43 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.46 EPS, FY2026 earnings at $1.69 EPS and FY2026 earnings at $1.69 EPS.

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

Wheaton Precious Metals Trading Down 2.8 %

Shares of WPM stock opened at $68.01 on Monday. Wheaton Precious Metals has a 1 year low of $38.57 and a 1 year high of $70.31. The firm’s 50 day moving average is $60.89 and its 200-day moving average is $61.57. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 1.91 and a beta of 0.77.

Institutional Trading of Wheaton Precious Metals

A number of hedge funds have recently modified their holdings of WPM. Norges Bank acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $472,648,000. Capital International Investors acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $263,810,000. FMR LLC increased its position in Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. Canoe Financial LP acquired a new position in Wheaton Precious Metals during the 3rd quarter worth approximately $113,017,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Wheaton Precious Metals during the 4th quarter worth approximately $72,657,000. 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.