FY2024 EPS Estimates for TSE:WPM Boosted by Edison Inv. Res

Wheaton Precious Metals Corp. (TSE:WPM) – Investment analysts at Edison Inv. Res lifted their FY2024 EPS estimates for Wheaton Precious Metals in a research report issued to clients and investors on Monday, November 11th. Edison Inv. Res analyst C. Gibson now anticipates that the company will post earnings per share of $2.02 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.

Other research analysts have also recently issued reports about the stock. Peel Hunt increased their price target on shares of 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. Stifel Nicolaus lifted their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Eight Capital raised their price objective on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$82.68 on Wednesday. The firm’s 50 day simple moving average is C$85.84 and its 200 day simple moving average is C$80.29. The company has a market capitalization of C$37.51 billion, a P/E ratio of 47.79 and a beta of 0.70. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, December 6th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend 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.