Wheaton Precious Metals (TSE:WPM) Lifted to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Wheaton Precious Metals (TSE:WPM) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.56 EPS and FY2024 earnings at $1.99 EPS.

Other equities analysts have also issued research reports about the stock. Peel Hunt boosted their price objective 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. Eight Capital boosted their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a buy rating in a report on Thursday, September 26th. National Bankshares raised Wheaton Precious Metals from a sector perform rating to an outperform rating and increased their target price for the stock from C$90.00 to C$105.00 in a research report on Thursday. Finally, Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Buy and an average target price of C$94.00.

Wheaton Precious Metals Trading Down 0.3 %

Wheaton Precious Metals stock opened at C$83.57 on Wednesday. The stock has a market capitalization of C$37.91 billion, a price-to-earnings ratio of 48.87 and a beta of 0.70. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$87.37. The stock has a 50 day moving average of C$81.97 and a two-hundred day moving average of C$77.22.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. The firm had revenue of C$409.19 million during the quarter, compared to the consensus estimate of C$400.03 million. Equities analysts predict that Wheaton Precious Metals will post 2.412993 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

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. This represents a $0.86 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 49.12%.

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.