Q2 2024 EPS Estimates for Wheaton Precious Metals Corp. (TSE:WPM) Decreased by Zacks Research

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at Zacks Research dropped their Q2 2024 EPS estimates for shares of Wheaton Precious Metals in a research report issued on Friday, May 17th. Zacks Research analyst M. Das now expects that the company will earn $0.37 per share for the quarter, down from their previous forecast of $0.39. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.85 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.39 EPS, Q4 2024 earnings at $0.43 EPS, Q1 2025 earnings at $0.44 EPS, Q1 2026 earnings at $0.44 EPS and FY2026 earnings at $1.81 EPS.

Several other research analysts have also commented on WPM. Veritas Investment Research upped their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a research note on Friday, April 12th. Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a report on Tuesday, April 23rd. Peel Hunt lifted their target price on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. National Bank Financial lowered Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. Finally, Stifel Nicolaus raised their price target on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday, April 19th.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at C$77.59 on Monday. The stock has a market capitalization of C$35.17 billion, a price-to-earnings ratio of 43.84 and a beta of 0.63. The business’s fifty day moving average is C$68.83. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$78.15.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.07. The firm had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.50%.

Insider Buying and Selling

In other news, Director Chantal Gosselin sold 2,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$76.50, for a total transaction of C$153,000.00. Following the sale, the director now directly owns 900 shares of the company’s stock, valued at approximately C$68,850. In other news, Senior Officer Haytham Henry Hodaly sold 16,500 shares of Wheaton Precious Metals stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$76.64, for a total value of C$1,264,560.00. Also, Director Chantal Gosselin sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$76.50, for a total transaction of C$153,000.00. Following the completion of the transaction, the director now directly owns 900 shares in the company, valued at C$68,850. Over the last three months, insiders have sold 78,234 shares of company stock valued at $5,619,813. Corporate insiders own 0.13% of the company’s stock.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a $0.214 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals’s payout ratio is currently 48.02%.

Wheaton Precious Metals Company Profile

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.