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

Wheaton Precious Metals Corp. (TSE:WPM) – Investment analysts at Edison Inv. Res increased their FY2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Wednesday, December 11th. Edison Inv. Res analyst C. Gibson now expects that the company will earn $2.03 per share for the year, up from their prior estimate of $2.02. 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’ FY2026 earnings at $2.15 EPS.

Several other equities analysts have also commented on the company. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Eight Capital lifted their price target on shares of 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. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Stifel Nicolaus lifted their target price on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. 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 research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Stock Down 1.3 %

TSE WPM opened at C$86.22 on Friday. The firm has a market capitalization of C$39.11 billion, a PE ratio of 49.84 and a beta of 0.70. The stock’s 50 day moving average is C$87.53 and its 200 day moving average is C$82.11. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 48.55%.

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.