Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) – Equities research analysts at Edison Inv. Res lifted their Q2 2024 EPS estimates for shares of Wheaton Precious Metals in a report issued on Monday, March 18th. Edison Inv. Res analyst C. Gibson now expects that the company will post earnings per share of $0.24 for the quarter, up from their prior forecast of $0.22. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.21 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.29 EPS, Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $1.18 EPS and FY2026 earnings at $1.60 EPS.
A number of other analysts have also recently weighed in on WPM. BMO Capital Markets decreased their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. CIBC upped their target price on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Jefferies Financial Group started coverage on Wheaton Precious Metals in a research note on Thursday, February 29th. They issued a “buy” rating and a $49.00 target price for the company. Scotiabank lowered their target price on Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Berenberg Bank lowered their target price on Wheaton Precious Metals from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.65.
Get Our Latest Stock Analysis on WPM
Wheaton Precious Metals Stock Up 0.6 %
Shares of WPM opened at $45.40 on Thursday. The firm has a market cap of $20.57 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 11.26 and a beta of 0.76. The company’s fifty day moving average is $44.74 and its two-hundred day moving average is $44.92. Wheaton Precious Metals has a fifty-two week low of $38.37 and a fifty-two week high of $52.76.
Wheaton Precious Metals Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be issued a $0.155 dividend. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, April 2nd. This represents a $0.62 annualized dividend and a dividend yield of 1.37%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 52.10%.
Institutional Trading of Wheaton Precious Metals
Hedge funds have recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at $26,000. Atlas Capital Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Wheaton Precious Metals by 54.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after buying an additional 280 shares during the period. Finally, Mechanics Financial Corp lifted its holdings in shares of Wheaton Precious Metals by 200.0% in the third quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after buying an additional 600 shares during the period. Institutional investors own 58.51% 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 10, 2017. Wheaton Precious Metals Corp.
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