Analysts Set Expectations for TSE:WPM Q4 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at National Bank Financial cut their Q4 2024 EPS estimates for shares of Wheaton Precious Metals in a note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.60 per share for the quarter, down from their prior forecast of $0.65. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Other equities analysts have also issued research reports about the company. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus upped their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Trading Down 1.4 %

TSE WPM opened at C$95.48 on Wednesday. The company has a market cap of C$43.31 billion, a price-to-earnings ratio of 55.19 and a beta of 0.70. The company has a 50 day moving average of C$85.90 and a 200-day moving average of C$84.89. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$97.40.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 0.88%. Wheaton Precious Metals’s dividend payout ratio is currently 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.