Analysts Set Expectations for TSE:WPM FY2024 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at Edison Inv. Res increased their FY2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Wednesday, December 11th. Edison Inv. Res analyst C. Gibson now forecasts that the company will post earnings of $2.03 per share for the year, up from their prior estimate of $2.02. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $2.15 EPS.

Other research analysts have also issued reports about the company. National Bankshares raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Peel Hunt upped their price objective on 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. UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Stifel Nicolaus upped their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Finally, Eight Capital upped their price objective on 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 analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$97.67.

Wheaton Precious Metals Trading Down 1.3 %

WPM stock opened at C$86.22 on Friday. The firm has a market capitalization of C$39.11 billion, a PE ratio of 49.84 and a beta of 0.70. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$94.84. The business’s 50 day simple moving average is C$87.53 and its 200 day simple moving average is C$82.07.

Wheaton Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 48.55%.

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.