FY2024 Earnings Estimate for Wheaton Precious Metals Corp. (NYSE:WPM) Issued By Raymond James

Wheaton Precious Metals Corp. (NYSE:WPMFree Report) – Equities researchers at Raymond James dropped their FY2024 EPS estimates for Wheaton Precious Metals in a research note issued on Monday, July 8th. Raymond James analyst B. Macarthur now forecasts that the company will earn $1.36 per share for the year, down from their previous estimate of $1.45. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.29 per share. Raymond James also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $1.50 EPS.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $296.80 million for the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. Wheaton Precious Metals’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS.

A number of other brokerages have also recently commented on WPM. Jefferies Financial Group lifted their price objective on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Scotiabank lifted their price objective on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. CIBC lifted their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Finally, TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.33.

View Our Latest Analysis on WPM

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $58.33 on Thursday. Wheaton Precious Metals has a 52-week low of $38.37 and a 52-week high of $58.38. The company has a market cap of $26.45 billion, a P/E ratio of 44.87, a P/E/G ratio of 1.96 and a beta of 0.76. The firm’s fifty day moving average is $54.57 and its two-hundred day moving average is $49.73.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were paid a dividend of $0.155 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.62 annualized dividend and a dividend yield of 1.06%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 47.69%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fielder Capital Group LLC bought a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $1,046,000. King Luther Capital Management Corp purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at $6,154,000. Marketfield Asset Management LLC boosted its holdings in shares of Wheaton Precious Metals by 61.0% in the 4th quarter. Marketfield Asset Management LLC now owns 88,025 shares of the company’s stock valued at $4,343,000 after acquiring an additional 33,337 shares during the last quarter. Financial Sense Advisors Inc. boosted its holdings in shares of Wheaton Precious Metals by 54.0% in the 1st quarter. Financial Sense Advisors Inc. now owns 56,836 shares of the company’s stock valued at $2,679,000 after acquiring an additional 19,924 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in shares of Wheaton Precious Metals by 0.8% in the 4th quarter. Alberta Investment Management Corp now owns 957,947 shares of the company’s stock valued at $47,491,000 after acquiring an additional 7,610 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

About Wheaton Precious Metals

(Get Free Report)

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.

See Also

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

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.