Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) – Research analysts at Edison Inv. Res increased their Q3 2024 EPS estimates for Wheaton Precious Metals in a report released on Friday, August 9th. Edison Inv. Res analyst C. Gibson now expects that the company will post earnings of $0.33 per share for the quarter, up from their previous estimate of $0.32. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.38 per share.
WPM has been the subject of several other research reports. CIBC lifted their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Berenberg Bank lifted their target price on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. BMO Capital Markets boosted their price objective on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Finally, Bank of America boosted their price objective on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.
Check Out Our Latest Research Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Up 2.6 %
WPM opened at $55.81 on Monday. The company has a market capitalization of $25.32 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 2.06 and a beta of 0.76. The firm has a 50-day moving average price of $55.89 and a 200-day moving average price of $51.38. Wheaton Precious Metals has a twelve month low of $38.37 and a twelve month high of $63.06.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $299.06 million during the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share.
Wheaton Precious Metals Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be paid a $0.155 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.11%. Wheaton Precious Metals’s dividend payout ratio is presently 47.69%.
Hedge Funds Weigh In On Wheaton Precious Metals
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $387,481,000. TD Asset Management Inc raised its holdings in Wheaton Precious Metals by 71.2% during the 1st quarter. TD Asset Management Inc now owns 4,857,837 shares of the company’s stock valued at $229,026,000 after buying an additional 2,019,722 shares during the last quarter. Van ECK Associates Corp raised its holdings in Wheaton Precious Metals by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 20,521,065 shares of the company’s stock valued at $1,012,517,000 after buying an additional 1,856,031 shares during the last quarter. AMF Tjanstepension AB raised its holdings in Wheaton Precious Metals by 593.5% during the 2nd quarter. AMF Tjanstepension AB now owns 1,608,134 shares of the company’s stock valued at $84,388,000 after buying an additional 1,376,231 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Wheaton Precious Metals by 31.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,672,800 shares of the company’s stock valued at $272,975,000 after buying an additional 1,342,264 shares during the last quarter. Hedge funds and other institutional investors 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.
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