Brokers Offer Predictions for Wheaton Precious Metals Corp.’s Q3 2024 Earnings (TSE:WPM)

Wheaton Precious Metals Corp. (TSE:WPM) – Stock analysts at Zacks Research upped their Q3 2024 earnings estimates for shares of Wheaton Precious Metals in a note issued to investors on Wednesday, October 9th. Zacks Research analyst M. Das now anticipates that the company will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.46. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.41 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q1 2025 earnings at $0.52 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $2.13 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $0.57 EPS, Q3 2026 earnings at $0.52 EPS and FY2026 earnings at $2.19 EPS.

A number of other equities research analysts also recently issued reports on WPM. Eight Capital increased their price target 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. Canaccord Genuity Group boosted their price target on Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$90.00 to C$105.00 in a research report on Thursday. Finally, Peel Hunt upped their price objective on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$94.00.

Wheaton Precious Metals Price Performance

TSE:WPM opened at C$83.57 on Monday. The company has a market cap of C$37.91 billion, a PE ratio of 48.87 and a beta of 0.70. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$87.37. The firm’s 50 day simple moving average is C$81.97 and its 200 day simple moving average is C$77.32.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of C$409.19 million during the quarter, compared to analysts’ expectations of C$400.03 million.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.214 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.86 annualized dividend and a yield of 1.02%. Wheaton Precious Metals’s payout ratio is currently 49.12%.

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.