Q1 2024 EPS Estimates for Wheaton Precious Metals Corp. (TSE:WPM) Lifted by Analyst

Wheaton Precious Metals Corp. (TSE:WPM) – Equities researchers at Raymond James raised their Q1 2024 EPS estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.45 per share for the quarter, up from their previous estimate of $0.43. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.55 per share.

WPM has been the topic of a number of other reports. Veritas Investment Research raised their target price on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th. Stifel Nicolaus lifted their price objective on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, April 19th. National Bankshares lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$75.00 to C$68.00 in a research report on Friday, February 23rd. Eight Capital lifted their price objective on shares of Wheaton Precious Metals from C$82.50 to C$85.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Wednesday, February 21st.

Wheaton Precious Metals Trading Up 0.5 %

WPM stock opened at C$73.79 on Thursday. The firm has a market capitalization of C$33.43 billion, a PE ratio of 46.12 and a beta of 0.66. The business’s 50 day moving average is C$63.87. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$74.72.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The firm had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million.

Insider Transactions at Wheaton Precious Metals

In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total value of C$1,156,052.80. In related news, Senior Officer Gary Duncan Brown sold 1,857 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total value of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. Insiders sold 20,664 shares of company stock valued at $1,272,782 in the last 90 days. 0.17% of the stock is currently owned by insiders.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, April 2nd. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s payout ratio is 52.50%.

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.