Q4 2024 EPS Estimates for Wheaton Precious Metals Corp. (TSE:WPM) Lifted by Raymond James

Wheaton Precious Metals Corp. (TSE:WPM) – Equities research analysts at Raymond James increased their Q4 2024 earnings estimates for Wheaton Precious Metals in a research note issued on Monday, September 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.54 for the quarter, up from their previous 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.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group lifted their price target on Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Eight Capital lifted their target price 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.

Wheaton Precious Metals Trading Down 2.4 %

WPM opened at C$84.45 on Thursday. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$87.37. The business’s 50-day moving average price is C$81.82 and its 200-day moving average price is C$75.59. The company has a market cap of C$38.31 billion, a P/E ratio of 49.39 and a beta of 0.71.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results 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 company had revenue of C$409.19 million for the quarter, compared to analysts’ expectations of C$400.03 million.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid 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 dividend payout ratio (DPR) is presently 49.12%.

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.