Wheaton Precious Metals Corp. (NYSE:WPM) Expected to Earn FY2025 Earnings of $1.68 Per Share

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities researchers at National Bank Financial raised their FY2025 earnings estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Wednesday, October 9th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $1.68 per share for the year, up from their previous forecast of $1.48. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.43 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $1.70 EPS.

Other analysts have also issued reports about the stock. CIBC lifted their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. TD Securities decreased their price objective on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Scotiabank increased their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Berenberg Bank boosted their target price on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $69.88.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $60.91 on Monday. The stock has a market cap of $27.63 billion, a P/E ratio of 48.34, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. The stock has a fifty day moving average price of $60.37 and a 200 day moving average price of $56.71. Wheaton Precious Metals has a one year low of $38.57 and a one year high of $64.82.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $299.06 million during the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio is 49.21%.

Institutional Investors Weigh In On Wheaton Precious Metals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc raised its stake in shares of Wheaton Precious Metals by 6.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock valued at $175,000 after purchasing an additional 190 shares during the period. Capital International Inc. CA lifted its stake in Wheaton Precious Metals by 2.5% in the 1st quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock valued at $392,000 after acquiring an additional 204 shares in the last quarter. Western Pacific Wealth Management LP boosted its position in Wheaton Precious Metals by 19.6% during the 1st quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 218 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Wheaton Precious Metals by 5.3% during the 1st quarter. Brookstone Capital Management now owns 4,771 shares of the company’s stock worth $225,000 after acquiring an additional 240 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Wheaton Precious Metals by 25.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after purchasing an additional 253 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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.