Equities Analysts Offer Predictions for WPM FY2024 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at Edison Inv. Res reduced their FY2024 earnings per share estimates for Wheaton Precious Metals in a report issued on Monday, November 11th. Edison Inv. Res analyst C. Gibson now expects that the company will post earnings per share of $1.45 for the year, down from their previous estimate of $1.46. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.44 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $1.50 EPS.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter last year, the business posted $0.27 EPS.

Several other analysts also recently weighed in on WPM. Raymond James lifted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Scotiabank lifted their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.88.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $59.05 on Thursday. Wheaton Precious Metals has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The company has a market capitalization of $26.79 billion, a PE ratio of 44.07, a P/E/G ratio of 2.17 and a beta of 0.77. The company has a 50 day moving average price of $62.76 and a 200-day moving average price of $58.75.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Institutional Trading of Wheaton Precious Metals

A number of institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc lifted its stake in shares of Wheaton Precious Metals by 6.1% during the second quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock worth $175,000 after buying an additional 190 shares during the period. Principal Financial Group Inc. lifted its position in Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after acquiring an additional 196 shares during the period. Vontobel Holding Ltd. grew its stake in Wheaton Precious Metals by 0.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after purchasing an additional 197 shares during the last quarter. Capital International Inc. CA increased its holdings in shares of Wheaton Precious Metals by 2.5% in the first quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock valued at $392,000 after purchasing an additional 204 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in shares of Wheaton Precious Metals by 1.0% in the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock worth $1,318,000 after purchasing an additional 210 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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.