TSE:WPM FY2024 EPS Estimate Lifted by Edison Inv. Res

Wheaton Precious Metals Corp. (TSE:WPM) – Stock analysts at Edison Inv. Res raised their FY2024 EPS estimates for Wheaton Precious Metals in a research note issued on Monday, November 11th. Edison Inv. Res analyst C. Gibson now forecasts that the company will earn $2.02 per share for the year, up from their prior forecast of $2.01. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $1.71 EPS.

Several other equities analysts have also recently commented on the stock. Canaccord Genuity Group raised their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus lifted their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$90.00 to C$105.00 in a report on Thursday, October 10th. Peel Hunt increased their price target on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at C$83.23 on Wednesday. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84. The company has a 50 day moving average price of C$85.81 and a 200 day moving average price of C$80.21. The stock has a market capitalization of C$37.76 billion, a P/E ratio of 48.11 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, December 6th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.01%. 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.