Scotiabank Issues Optimistic Estimate for TSE:WPM Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at Scotiabank raised their FY2025 EPS estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Wednesday, March 11th. Scotiabank analyst T. Jakusconek now expects that the company will earn $3.98 per share for the year, up from their previous estimate of $3.72. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$1.64 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. The business had revenue of C$1.16 billion during the quarter.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group raised their price target on Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. Peel Hunt upped their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. TD Securities reduced their target price on Wheaton Precious Metals from C$165.00 to C$164.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Royal Bank Of Canada upgraded Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 target price for the company in a research report on Wednesday, December 10th. Finally, Stifel Nicolaus boosted their target price on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$179.86.

Wheaton Precious Metals Stock Performance

WPM opened at C$192.13 on Monday. The stock’s 50 day moving average price is C$195.71 and its 200-day moving average price is C$165.23. Wheaton Precious Metals has a one year low of C$96.18 and a one year high of C$226.68. The stock has a market cap of C$87.23 billion, a price-to-earnings ratio of 87.21 and a beta of 1.08.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.