Wheaton Precious Metals Corp. (TSE:WPM – Free Report) – Edison Inv. Res raised their Q1 2024 EPS estimates for shares of Wheaton Precious Metals in a research report issued on Monday, March 18th. Edison Inv. Res analyst C. Gibson now forecasts that the company will post earnings of $0.45 per share for the quarter, up from their previous estimate of $0.44. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.59 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $1.92 EPS.
Several other analysts also recently commented on WPM. Stifel Nicolaus reduced their price target on shares of Wheaton Precious Metals from C$75.00 to C$72.00 and set a “buy” rating for the company in a research report on Monday. National Bankshares downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$75.00 to C$68.00 in a research report on Friday, February 23rd. Finally, National Bank Financial downgraded 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.
Read Our Latest Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Down 1.6 %
Shares of TSE:WPM opened at C$58.85 on Wednesday. The company has a market cap of C$26.66 billion, a PE ratio of 36.78 and a beta of 0.61. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$71.39.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.07. The business had revenue of C$426.80 million during the quarter, compared to the consensus estimate of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%.
Wheaton Precious Metals Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.43%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio is presently 51.25%.
Insiders Place Their Bets
In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 1,857 shares of the company’s stock in a transaction 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. 0.17% of the stock is owned by insiders.
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 10, 2017. Wheaton Precious Metals Corp.
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