WPM FY2024 EPS Estimate Increased by National Bank Financial

Wheaton Precious Metals Corp. (NYSE:WPM) – Analysts at National Bank Financial raised their FY2024 earnings per share estimates for shares of Wheaton Precious Metals in a research note issued on Wednesday, February 19th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $1.46 per share for the year, up from their previous estimate of $1.45. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q4 2024 earnings at $0.43 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.46 EPS, FY2026 earnings at $1.69 EPS and FY2026 earnings at $1.69 EPS.

A number of other research firms have also weighed in on WPM. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Securities raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Stock Up 0.2 %

WPM stock opened at $68.95 on Monday. Wheaton Precious Metals has a twelve month low of $38.57 and a twelve month high of $70.31. The firm has a market cap of $31.28 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The business has a 50 day moving average of $61.25 and a 200 day moving average of $61.76.

Institutional Trading of Wheaton Precious Metals

Several institutional investors have recently added to or reduced their stakes in WPM. Norges Bank purchased a new stake in Wheaton Precious Metals during the 4th quarter valued at $472,648,000. Capital International Investors purchased a new position in shares of Wheaton Precious Metals in the 4th quarter worth $263,810,000. FMR LLC boosted its stake in shares of Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after buying an additional 3,692,594 shares during the last quarter. Canoe Financial LP purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter worth $113,017,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Wheaton Precious Metals in the 4th quarter worth $72,657,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

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.