Scotiabank Has Bullish Outlook for WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Analysts at Scotiabank boosted their FY2025 earnings estimates for shares of Wheaton Precious Metals in a report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will earn $1.89 per share for the year, up from their previous estimate of $1.55. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.44 per share. Scotiabank also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $2.00 EPS.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter in the prior year, the business posted $0.27 EPS.

WPM has been the subject of a number of other research reports. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. Jefferies Financial Group increased their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Raymond James raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $55.74 on Monday. The stock has a market cap of $25.29 billion, a P/E ratio of 41.60, a P/E/G ratio of 1.67 and a beta of 0.76. The firm has a fifty day moving average price of $60.25 and a 200 day moving average price of $60.35. Wheaton Precious Metals has a 1-year low of $38.57 and a 1-year high of $68.64.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is currently 46.27%.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPM. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals during the fourth quarter worth about $29,000. Abich Financial Wealth Management LLC acquired a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $31,000. GAMMA Investing LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $41,000. Sunbelt Securities Inc. acquired a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $47,000. Finally, St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals in the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

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.