Stifel Canada Issues Negative Forecast for TSE:WPM Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Stifel Canada decreased their Q3 2024 earnings per share estimates for shares of Wheaton Precious Metals in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now expects that the company will earn $0.46 per share for the quarter, down from their prior estimate of $0.53. Stifel Canada has a “Hold” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $2.70 EPS and FY2026 earnings at $2.70 EPS.

Other equities analysts also recently issued research reports about the company. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Eight Capital increased their price target on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus increased their target price on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Stock Performance

Shares of TSE WPM opened at C$93.33 on Thursday. The firm has a market cap of C$42.34 billion, a PE ratio of 53.95 and a beta of 0.70. 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 fifty day moving average of C$83.92 and a 200 day moving average of C$78.53.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. The business had revenue of C$409.19 million during the quarter, compared to the consensus estimate of C$400.03 million.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.214 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.86 annualized dividend and a dividend yield of 0.92%. Wheaton Precious Metals’s dividend payout ratio is currently 48.55%.

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.