Research Analysts Offer Predictions for WPM Q4 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Research analysts at Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a report released on Thursday, November 14th. Zacks Research analyst M. Das now forecasts that the company will earn $0.38 per share for the quarter, up from their previous estimate of $0.37. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.44 per share.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. TD Securities boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Scotiabank lifted their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.88.

Wheaton Precious Metals Trading Down 1.1 %

Shares of WPM stock opened at $58.67 on Monday. The company’s fifty day moving average price is $62.76 and its 200-day moving average price is $58.88. The stock has a market cap of $26.62 billion, a PE ratio of 43.78, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77. Wheaton Precious Metals has a 12 month low of $38.57 and a 12 month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the previous year, the business posted $0.27 earnings per share.

Hedge Funds Weigh In On Wheaton Precious Metals

Several hedge funds have recently modified their holdings of WPM. Van ECK Associates Corp grew its holdings in Wheaton Precious Metals by 1.0% during the second quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock worth $1,047,621,000 after acquiring an additional 197,426 shares during the period. Vanguard Group Inc. raised its holdings in shares of Wheaton Precious Metals by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock worth $790,392,000 after acquiring an additional 272,918 shares during the period. FMR LLC grew its position in Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after acquiring an additional 3,692,594 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Wheaton Precious Metals by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock worth $344,483,000 after purchasing an additional 1,010,307 shares during the period. Finally, TD Asset Management Inc raised its stake in shares of Wheaton Precious Metals by 22.5% in the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock valued at $311,920,000 after acquiring an additional 1,092,480 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 46.27%.

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.