Scotiabank Analysts Increase Earnings Estimates for TSE:WPM

Wheaton Precious Metals Corp. (TSE:WPM) – Equities research analysts at Scotiabank boosted their FY2024 EPS estimates for shares of Wheaton Precious Metals in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $2.08 per share for the year, up from their prior estimate of $1.81. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Scotiabank also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $2.72 EPS and FY2026 earnings at $2.88 EPS.

A number of other research analysts also recently issued reports on WPM. National Bank Financial upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Stifel Nicolaus boosted their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Finally, Peel Hunt increased 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 report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Trading Down 2.7 %

Shares of WPM opened at C$80.25 on Monday. The firm has a market cap of C$36.40 billion, a price-to-earnings ratio of 46.39 and a beta of 0.70. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$94.84. The stock has a 50 day moving average of C$85.44 and a 200-day moving average of C$83.29.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.55%.

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.