Research Analysts Issue Forecasts for TSE:WPM Q4 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Equities researchers at Raymond James raised their Q4 2024 EPS estimates for Wheaton Precious Metals in a research note issued to investors on Friday, November 8th. Raymond James analyst B. Macarthur now expects that the company will earn $0.56 per share for the quarter, up from their previous estimate of $0.55. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Raymond James also issued estimates for Wheaton Precious Metals’ Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.65 EPS and FY2025 earnings at $2.59 EPS.

Several other equities research analysts have also issued reports on WPM. Stifel Nicolaus increased their target price on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Canaccord Genuity Group increased their target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, National Bankshares upgraded shares of 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 report on Thursday, October 10th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$83.23 on Monday. 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 price-to-earnings 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. Shareholders of record on Friday, December 6th will be issued a $0.21 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a yield of 1.01%. Wheaton Precious Metals’s payout ratio is 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.