WPM FY2025 EPS Forecast Raised by Raymond James Financial

Wheaton Precious Metals Corp. (NYSE:WPM) – Analysts at Raymond James Financial raised their FY2025 earnings estimates for shares of Wheaton Precious Metals in a report issued on Thursday, August 7th. Raymond James Financial analyst B. Macarthur now expects that the company will post earnings per share of $2.47 for the year, up from their previous estimate of $2.45. Raymond James Financial currently has a “Outperform” rating and a $90.00 target price on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 12.12%. The company had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same quarter last year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 68.2% on a year-over-year basis.

Several other equities analysts have also weighed in on WPM. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a research report on Monday, April 14th. CIBC reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Berenberg Bank raised their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Finally, Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Wheaton Precious Metals Trading Up 0.9%

NYSE:WPM opened at $100.64 on Monday. Wheaton Precious Metals has a twelve month low of $54.12 and a twelve month high of $103.81. The company has a 50-day moving average of $91.54 and a 200-day moving average of $80.93. The firm has a market cap of $45.69 billion, a price-to-earnings ratio of 58.17, a price-to-earnings-growth ratio of 2.81 and a beta of 0.39.

Institutional Trading of Wheaton Precious Metals

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its stake in Wheaton Precious Metals by 8.1% in the second quarter. Rockefeller Capital Management L.P. now owns 63,945 shares of the company’s stock valued at $5,742,000 after acquiring an additional 4,808 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of Wheaton Precious Metals by 35.2% in the second quarter. Ontario Teachers Pension Plan Board now owns 76,115 shares of the company’s stock worth $6,849,000 after buying an additional 19,824 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Wheaton Precious Metals by 28.8% in the second quarter. Intech Investment Management LLC now owns 136,571 shares of the company’s stock worth $12,257,000 after buying an additional 30,505 shares during the last quarter. Creative Planning lifted its stake in shares of Wheaton Precious Metals by 13.7% in the second quarter. Creative Planning now owns 58,727 shares of the company’s stock worth $5,274,000 after buying an additional 7,062 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Wheaton Precious Metals in the second quarter worth $502,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 38.15%.

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.