Research Analysts Offer Predictions for WPM FY2024 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Raymond James upped their FY2024 earnings estimates for Wheaton Precious Metals in a note issued to investors on Thursday, January 30th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $1.43 per share for the year, up from their prior forecast of $1.37. Raymond James has a “Outperform” rating and a $75.00 price target on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.45 per share. Raymond James also issued estimates for Wheaton Precious Metals’ Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.75 EPS.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same period in the prior year, the company posted $0.27 EPS.

Several other equities research analysts also recently commented on WPM. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Securities boosted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group started coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. Finally, National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $62.40 on Monday. The business’s fifty day moving average price is $59.30 and its two-hundred day moving average price is $60.63. Wheaton Precious Metals has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The stock has a market capitalization of $28.31 billion, a price-to-earnings ratio of 46.57, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $39,000. GAMMA Investing LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $41,000. St. Johns Investment Management Company LLC bought a new position in shares of Wheaton Precious Metals in the 3rd quarter worth $48,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $53,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

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.