Q2 2022 EPS Estimates for Wheaton Precious Metals Corp. Raised by Raymond James (TSE:WPM)

Wheaton Precious Metals Corp. (TSE:WPMGet Rating) – Research analysts at Raymond James upped their Q2 2022 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a note issued to investors on Tuesday, July 19th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.43 for the quarter, up from their prior forecast of $0.42. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.21 per share. Raymond James also issued estimates for Wheaton Precious Metals’ Q2 2023 earnings at $0.44 EPS.

Other research analysts have also issued research reports about the company. National Bankshares decreased their target price on Wheaton Precious Metals from C$75.00 to C$70.00 and set an “outperform” rating for the company in a research report on Thursday. KeyCorp lifted their target price on Wheaton Precious Metals to C$70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 19th. Eight Capital lifted their target price on Wheaton Precious Metals from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Finally, Canaccord Genuity Group raised their price target on Wheaton Precious Metals from C$76.00 to C$81.00 in a report on Friday, April 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$67.69.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$42.11 on Thursday. The firm has a market cap of C$19.01 billion and a price-to-earnings ratio of 19.50. The stock has a 50 day moving average of C$49.56 and a 200-day moving average of C$54.17. The company has a current ratio of 3.70, a quick ratio of 3.61 and a debt-to-equity ratio of 0.04. Wheaton Precious Metals has a 52 week low of C$41.57 and a 52 week high of C$65.45.

Wheaton Precious Metals (TSE:WPMGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported C$0.44 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.01. The business had revenue of C$389.19 million for the quarter, compared to analyst estimates of C$392.78 million.

Wheaton Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, June 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, May 19th. Wheaton Precious Metals’s payout ratio is currently 27.31%.

Insider Buying and Selling at Wheaton Precious Metals

In other Wheaton Precious Metals news, Director Eduardo Luna sold 17,000 shares of Wheaton Precious Metals stock in a transaction on Thursday, May 19th. The stock was sold at an average price of C$52.61, for a total transaction of C$894,293.57. Following the sale, the director now owns 93,053 shares of the company’s stock, valued at approximately C$4,895,099.96.

About Wheaton Precious Metals

(Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

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Earnings History and Estimates for Wheaton Precious Metals (TSE:WPM)

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