Wheaton Precious Metals Corp. (TSE:WPM – Free Report) – Raymond James cut their Q4 2024 EPS estimates for shares of Wheaton Precious Metals in a research report issued on Thursday, August 8th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.51 per share for the quarter, down from their previous estimate of $0.52. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.85 per share. Raymond James also issued estimates for Wheaton Precious Metals’ Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.51 EPS, Q3 2025 earnings at $0.53 EPS and Q4 2025 earnings at $0.54 EPS.
Other research analysts have also issued reports about the stock. Veritas Investment Research upped their target price on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. National Bankshares upped their price objective on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the company a “sector perform” rating in a research note on Monday, May 13th. Peel Hunt upped their price objective on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. Canaccord Genuity Group upped their price objective on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, April 19th.
View Our Latest Stock Analysis on Wheaton Precious Metals
Wheaton Precious Metals Trading Up 2.7 %
Shares of TSE:WPM traded up C$2.00 on Friday, reaching C$76.65. 544,278 shares of the company were exchanged, compared to its average volume of 797,419. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$86.22. The company has a market capitalization of C$34.75 billion, a price-to-earnings ratio of 43.31 and a beta of 0.63. The stock’s 50-day simple moving average is C$76.75.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.49 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.09. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.50%. The business had revenue of C$400.14 million for the quarter, compared to analysts’ expectations of C$391.32 million.
Wheaton Precious Metals Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.214 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 48.02%.
Insider Activity
In other news, Director George Leslie Brack sold 370 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$74.99, for a total transaction of C$27,745.60. In related news, Director George Leslie Brack sold 370 shares of Wheaton Precious Metals stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$74.99, for a total transaction of C$27,745.60. Also, Senior Officer Randy Smallwood sold 94,090 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$73.70, for a total value of C$6,934,433.00. Over the last ninety days, insiders have sold 151,660 shares of company stock valued at $11,281,465. Company insiders own 0.13% of the company’s stock.
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.
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