Raymond James Brokers Increase Earnings Estimates for Wheaton Precious Metals Corp. (TSE:WPM)

Wheaton Precious Metals Corp. (TSE:WPM) – Investment analysts at Raymond James lifted their Q4 2024 earnings per share estimates for Wheaton Precious Metals in a research note issued on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will earn $0.54 per share for the quarter, up from their prior estimate of $0.51. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.35 per share. Raymond James also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $2.57 EPS.

WPM has been the subject of a number of other research reports. Canaccord Genuity Group lifted their price objective on Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Eight Capital lifted their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday.

Wheaton Precious Metals Price Performance

TSE:WPM opened at C$84.45 on Thursday. The company’s 50-day simple moving average is C$81.82 and its 200 day simple moving average is C$75.59. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$87.37. The firm has a market capitalization of C$38.31 billion, a P/E ratio of 49.39 and a beta of 0.71.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.39 by C$0.06. 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 had a net margin of 50.44% and a return on equity of 8.16%.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.214 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 annualized dividend and a dividend yield of 1.01%. Wheaton Precious Metals’s payout ratio is 49.12%.

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.