Research Analysts Issue Forecasts for TSE:WPM Q4 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Equities research analysts at Raymond James raised their Q4 2024 earnings estimates for Wheaton Precious Metals in a research report issued on Thursday, October 31st. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.55 per share for the quarter, up from their prior estimate of $0.54. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

WPM has been the subject of a number of other reports. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Peel Hunt upped their price target on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus upped their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Eight Capital upped their price target on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Stock Down 1.1 %

WPM stock opened at C$90.93 on Monday. The company has a market capitalization of C$41.25 billion, a P/E ratio of 52.56 and a beta of 0.70. The company has a 50-day simple moving average of C$85.17 and a 200 day simple moving average of C$79.41. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The company had revenue of C$409.19 million during the quarter, compared to the consensus estimate of C$400.03 million.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a $0.214 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 annualized dividend and a dividend yield of 0.94%. Wheaton Precious Metals’s dividend payout ratio is 48.55%.

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.