What is Stifel Canada’s Estimate for WPM Q4 Earnings?

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at Stifel Canada issued their Q4 2024 earnings per share estimates for shares of Wheaton Precious Metals in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico forecasts that the company will post earnings of $0.44 per share for the quarter. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $1.86 EPS.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share.

Several other brokerages have also recently commented on WPM. TD Securities increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Raymond James increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. UBS Group began coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. Finally, National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $66.87 on Friday. The firm has a fifty day moving average of $59.58 and a two-hundred day moving average of $60.75. The firm has a market cap of $30.34 billion, a P/E ratio of 49.91, a P/E/G ratio of 1.61 and a beta of 0.77. Wheaton Precious Metals has a 1-year low of $38.57 and a 1-year high of $68.64.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of hedge funds have recently added to or reduced their stakes in WPM. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Wheaton Precious Metals by 10.4% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,087 shares of the company’s stock worth $286,000 after acquiring an additional 480 shares during the period. EagleClaw Capital Managment LLC boosted its stake in Wheaton Precious Metals by 3.0% during the 4th quarter. EagleClaw Capital Managment LLC now owns 160,917 shares of the company’s stock valued at $9,050,000 after purchasing an additional 4,700 shares during the period. Raymond James Financial Inc. bought a new position in Wheaton Precious Metals in the 4th quarter worth about $20,790,000. Promus Capital LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $32,000. Finally, Proficio Capital Partners LLC raised its holdings in shares of Wheaton Precious Metals by 4.1% during the fourth quarter. Proficio Capital Partners LLC now owns 8,640 shares of the company’s stock valued at $486,000 after buying an additional 340 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

About Wheaton Precious Metals

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.