Edison Inv. Res Brokers Boost Earnings Estimates for TSE:WPM

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at Edison Inv. Res increased their FY2024 earnings estimates for shares of Wheaton Precious Metals in a research note issued to investors on Monday, November 11th. Edison Inv. Res analyst C. Gibson now expects that the company will earn $2.02 per share for the year, up from their previous forecast of $2.01. 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’ FY2025 earnings at $1.71 EPS.

Other equities analysts have also recently issued research reports about the company. Peel Hunt boosted their price target on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Eight Capital boosted their target price 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. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Stifel Nicolaus lifted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Finally, Canaccord Genuity Group boosted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

TSE WPM opened at C$83.23 on Wednesday. The firm’s fifty day moving average is C$85.81 and its two-hundred day moving average is C$80.21. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$94.84. The firm has a market cap of C$37.76 billion, a PE ratio of 48.11 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, December 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is presently 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.