TSE:WPM FY2024 EPS Forecast Lifted by Edison Inv. Res

Wheaton Precious Metals Corp. (TSE:WPM) – Equities researchers at Edison Inv. Res lifted their FY2024 earnings estimates for Wheaton Precious Metals in a note issued to investors on Wednesday, December 11th. Edison Inv. Res analyst C. Gibson now anticipates that the company will earn $2.03 per share for the year, up from their previous estimate of $2.02. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $2.15 EPS.

WPM has been the topic of a number of other research reports. Stifel Nicolaus upped their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Peel Hunt increased their target price 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. 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. Finally, UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Trading Down 1.3 %

Shares of TSE:WPM opened at C$86.22 on Friday. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$94.84. The company has a market capitalization of C$39.11 billion, a price-to-earnings ratio of 49.84 and a beta of 0.70. The firm’s 50-day moving average is C$87.53 and its 200 day moving average is C$82.11.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was 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.