Zacks Research Has Strong Estimate for TSE:WPM Q4 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research report issued on Thursday, November 14th. Zacks Research analyst M. Das now forecasts that the company will post earnings of $0.53 per share for the quarter, up from their previous forecast of $0.51. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Several other research analysts have also weighed in on WPM. Stifel Nicolaus boosted their price target on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Peel Hunt lifted their target price on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Eight Capital boosted their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Price Performance

TSE:WPM opened at C$87.40 on Monday. The business’s 50-day simple moving average is C$86.23 and its 200-day simple moving average is C$80.61. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84. The stock has a market capitalization of C$39.65 billion, a PE ratio of 50.52 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, December 6th will be issued a $0.21 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.84 annualized dividend and a yield of 0.96%. Wheaton Precious Metals’s payout ratio is currently 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.