National Bank Financial Estimates TSE:WPM FY2024 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $2.03 per share for the year, up from their previous forecast of $1.99. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $2.35 EPS.

Several other research firms have also commented on WPM. National Bankshares raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Eight Capital raised 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. Peel Hunt boosted their price target on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus increased 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 target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Stock Performance

The stock has a market cap of C$41.69 billion, a P/E ratio of 53.13 and a beta of 0.70. The company has a 50 day simple moving average of C$84.19 and a two-hundred day simple moving average of C$78.63. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The firm had revenue of C$409.19 million for the quarter, compared to analysts’ expectations 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. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.214 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 annualized dividend and a yield of ?. 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.