National Bank Financial Forecasts TSE:WPM FY2024 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Stock analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a report released on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $2.07 for the year, down from their prior forecast of $2.13. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Other equities analysts also recently issued research reports about the stock. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Stifel Nicolaus upped their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at C$97.56 on Thursday. The stock has a 50-day moving average of C$86.08 and a two-hundred day moving average of C$84.99. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$97.61. The stock has a market cap of C$44.26 billion, a PE ratio of 56.39 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently announced 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 0.86%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.55%.

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.