WPM FY2024 EPS Raised by National Bank Financial

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at National Bank Financial raised their FY2024 earnings estimates for Wheaton Precious Metals in a research report issued on Wednesday, February 19th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $1.46 per share for the year, up from their prior estimate of $1.45. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q4 2024 earnings at $0.43 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.46 EPS, FY2026 earnings at $1.69 EPS and FY2026 earnings at $1.69 EPS.

A number of other research firms have also issued reports on WPM. TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group initiated coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. Finally, Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Stock Up 1.2 %

Shares of NYSE:WPM opened at $68.87 on Monday. The firm has a 50-day simple moving average of $61.07 and a 200 day simple moving average of $61.67. Wheaton Precious Metals has a fifty-two week low of $38.57 and a fifty-two week high of $70.31. The company has a market cap of $31.25 billion, a PE ratio of 51.40, a P/E/G ratio of 1.91 and a beta of 0.77.

Institutional Trading of Wheaton Precious Metals

A number of institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Wheaton Precious Metals in the 4th quarter valued at $472,648,000. Capital International Investors bought a new position in Wheaton Precious Metals in the 4th quarter worth approximately $263,810,000. FMR LLC lifted its holdings in shares of Wheaton Precious Metals by 33.7% during the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after buying an additional 3,692,594 shares during the last quarter. Canoe Financial LP bought a new stake in shares of Wheaton Precious Metals in the third quarter valued at approximately $113,017,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $72,657,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

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.