Equities Analysts Issue Forecasts for WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Investment analysts at National Bank Financial boosted their FY2025 earnings estimates for Wheaton Precious Metals in a report issued on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $1.67 per share for the year, up from their previous forecast of $1.66. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share.

A number of other brokerages also recently issued reports on WPM. Raymond James raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. TD Securities upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Up 2.3 %

Shares of NYSE:WPM opened at $68.31 on Thursday. The business has a fifty day simple moving average of $59.97 and a 200 day simple moving average of $60.98. Wheaton Precious Metals has a 12-month low of $38.57 and a 12-month high of $68.64. The firm has a market cap of $30.99 billion, a P/E ratio of 50.98, a P/E/G ratio of 1.70 and a beta of 0.77.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WPM. Charles Schwab Investment Management Inc. increased its stake in Wheaton Precious Metals by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock valued at $58,422,000 after purchasing an additional 36,970 shares in the last quarter. Well Done LLC grew its stake in shares of Wheaton Precious Metals by 173.9% in the 3rd quarter. Well Done LLC now owns 38,108 shares of the company’s stock valued at $2,328,000 after buying an additional 24,196 shares during the period. Swiss National Bank increased its position in Wheaton Precious Metals by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock valued at $83,854,000 after buying an additional 10,600 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Wheaton Precious Metals during the 3rd quarter worth approximately $1,287,000. Finally, CWA Asset Management Group LLC boosted its holdings in Wheaton Precious Metals by 19.7% in the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock worth $9,196,000 after acquiring an additional 26,924 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

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.