FY2024 Earnings Forecast for TSE:WPM Issued By Raymond James

Wheaton Precious Metals Corp. (TSE:WPM) – Equities researchers at Raymond James increased their FY2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a report released on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $2.06 for the year, up from their prior forecast of $1.90. 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’ Q4 2024 earnings at $0.65 EPS and Q4 2025 earnings at $0.65 EPS.

Several other brokerages have also issued reports on WPM. Stifel Nicolaus raised their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Finally, Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Trading Up 2.0 %

Wheaton Precious Metals stock opened at C$92.53 on Monday. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$94.84. The stock’s fifty day simple moving average is C$84.96 and its 200-day simple moving average is C$84.41. The firm has a market capitalization of C$41.98 billion, a P/E ratio of 53.49 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.47 EPS for the quarter, meeting the consensus estimate of C$0.47. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. During the same quarter last year, the firm posted $0.36 EPS.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend 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.