Wheaton Precious Metals Corp. (TSE:WPM – Free Report) – Analysts at Edison Inv. Res increased their Q2 2024 earnings per share estimates for Wheaton Precious Metals in a research report issued to clients and investors on Monday, May 13th. Edison Inv. Res analyst C. Gibson now expects that the company will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.30. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.80 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.44 EPS, Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.80 EPS, FY2025 earnings at $1.85 EPS and FY2026 earnings at $2.05 EPS.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last announced its earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The business had revenue of C$426.80 million for the quarter, compared to analysts’ expectations of C$381.95 million.
Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group raised their target price on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a research note on Tuesday, April 23rd. National Bankshares upped their target price on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the stock a “sector perform” rating in a research report on Monday. Peel Hunt increased their price target on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a research report on Tuesday, April 30th. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Wednesday, February 21st. Finally, Eight Capital upped their price objective on shares of Wheaton Precious Metals from C$82.50 to C$85.00 and gave the company a “buy” rating in a research note on Monday, April 22nd.
Check Out Our Latest Analysis on Wheaton Precious Metals
Wheaton Precious Metals Stock Up 0.7 %
Wheaton Precious Metals stock opened at C$76.09 on Thursday. The stock’s 50 day moving average is C$68.15. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$78.15. The firm has a market cap of C$34.48 billion, a PE ratio of 46.68 and a beta of 0.66.
Wheaton Precious Metals Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.214 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.12%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.21. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 52.15%.
Insider Activity at Wheaton Precious Metals
In other news, Senior Officer Gary Duncan Brown sold 1,857 shares of Wheaton Precious Metals stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total transaction of C$109,491.69. In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total value of C$109,491.69. In the last three months, insiders sold 59,734 shares of company stock worth $4,202,253. Corporate insiders own 0.28% 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.
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