TSE:WPM FY2024 EPS Increased by National Bank Financial

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at National Bank Financial raised their FY2024 earnings per share estimates for Wheaton Precious Metals in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the company will earn $2.03 per share for the year, up from their previous estimate of $1.99. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $2.35 EPS.

Several other brokerages have also recently issued reports on WPM. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Canaccord Genuity Group boosted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Stifel Nicolaus upped their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Finally, Eight Capital raised their price objective on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

The firm has a market cap of C$41.69 billion, a P/E ratio of 53.13 and a beta of 0.70. The firm’s 50-day moving average is C$84.19 and its 200 day moving average is C$78.63. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The firm had revenue of C$409.19 million for the quarter, compared to the consensus estimate of C$400.03 million.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.214 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.86 annualized dividend and a yield of ?. Wheaton Precious Metals’s payout ratio is currently 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.