Edison Inv. Res Brokers Lower Earnings Estimates for TSE:WPM

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at Edison Inv. Res reduced their FY2025 earnings estimates for shares of Wheaton Precious Metals in a research note issued to investors on Thursday, March 27th. Edison Inv. Res analyst C. Gibson now expects that the company will earn $1.76 per share for the year, down from their previous forecast of $2.42. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

A number of other analysts have also recently weighed in on the company. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. CIBC lifted their price objective on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. TD Securities boosted their price objective on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, March 14th. National Bankshares raised their target price on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th. Finally, Peel Hunt boosted their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Six investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$98.38.

Wheaton Precious Metals Stock Performance

Shares of TSE:WPM opened at C$111.67 on Monday. Wheaton Precious Metals has a one year low of C$63.87 and a one year high of C$112.21. The company has a 50-day simple moving average of C$98.69 and a 200-day simple moving average of C$90.03. The stock has a market capitalization of C$35.41 billion, a price-to-earnings ratio of 58.11 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, April 11th will be given a $0.165 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.59%. Wheaton Precious Metals’s dividend payout ratio is presently 43.71%.

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.