Wheaton Precious Metals Corp. (TSE:WPM – Free Report) – Research analysts at Edison Inv. Res boosted their Q2 2024 EPS estimates for Wheaton Precious Metals in a note issued to investors on Monday, March 18th. Edison Inv. Res analyst C. Gibson now forecasts that the company will post earnings per share of $0.33 for the quarter, up from their previous forecast of $0.30. 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’ Q3 2024 earnings at $0.39 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.60 EPS and FY2026 earnings at $2.17 EPS.
WPM has been the topic of several other research reports. National Bankshares lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$75.00 to C$68.00 in a research report on Friday, February 23rd. Stifel Nicolaus reduced their target price on shares of Wheaton Precious Metals from C$75.00 to C$72.00 and set a “buy” rating on the stock in a research note on Monday. 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 note on Wednesday, February 21st.
Get Our Latest Report on Wheaton Precious Metals
Wheaton Precious Metals Trading Up 3.4 %
WPM stock opened at C$60.88 on Thursday. The firm has a market cap of C$27.58 billion, a P/E ratio of 38.05 and a beta of 0.61. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$71.39.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million.
Wheaton Precious Metals Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s payout ratio is 51.25%.
Insiders Place Their Bets
In other 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 value of C$109,491.69. 0.17% of the stock is currently owned by company 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 2017. Wheaton Precious Metals Corp.
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