Zacks Research Brokers Raise Earnings Estimates for TSE:WPM

Wheaton Precious Metals Corp. (TSE:WPM) – Zacks Research upped their Q4 2024 earnings estimates for Wheaton Precious Metals in a research report issued on Thursday, November 14th. Zacks Research analyst M. Das now forecasts that the company will post earnings of $0.53 per share for the quarter, up from their prior forecast of $0.51. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Other analysts have also issued research reports about the stock. Eight Capital raised their price objective on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. 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. Finally, Peel Hunt raised their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$85.32 on Monday. The firm’s 50-day moving average is C$85.94 and its 200-day moving average is C$80.42. The company has a market cap of C$38.70 billion, a price-to-earnings ratio of 49.32 and a beta of 0.70. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, December 6th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 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.