Wheaton Precious Metals Corp. (TSE:WPM – Free Report) – Stock analysts at Raymond James lifted their Q3 2024 earnings per share estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Thursday, August 8th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.51 per share for the quarter, up from their previous estimate of $0.49. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.85 per share. Raymond James also issued estimates for Wheaton Precious Metals’ FY2024 earnings at $1.90 EPS and FY2025 earnings at $2.10 EPS.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.09. Wheaton Precious Metals had a return on equity of 8.50% and a net margin of 53.74%. The business had revenue of C$400.14 million for the quarter, compared to the consensus estimate of C$391.32 million.
Several other research firms have also recently weighed in on WPM. Peel Hunt upped their target price on Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. Canaccord Genuity Group raised their price objective on Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Eight Capital boosted their target price on Wheaton Precious Metals from C$85.00 to C$95.00 in a research note on Thursday, July 11th. National Bankshares increased 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 report on Monday, May 13th. Finally, Stifel Nicolaus lifted their price target on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, April 19th.
Get Our Latest Research Report on Wheaton Precious Metals
Wheaton Precious Metals Price Performance
WPM stock opened at C$76.65 on Monday. The business’s 50 day simple moving average is C$76.75. The firm has a market cap of C$34.75 billion, a price-to-earnings ratio of 43.31 and a beta of 0.63. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$86.22.
Insider Buying and Selling at Wheaton Precious Metals
In other Wheaton Precious Metals news, Director George Leslie Brack sold 370 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$74.99, for a total transaction of C$27,745.60. In other news, Director George Leslie Brack sold 370 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$74.99, for a total transaction of C$27,745.60. Also, Director Chantal Gosselin sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of C$76.50, for a total transaction of C$153,000.00. Following the sale, the director now owns 900 shares in the company, valued at approximately C$68,850. Over the last ninety days, insiders sold 151,660 shares of company stock valued at $11,281,465. Company insiders own 0.13% of the company’s stock.
Wheaton Precious Metals Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.214 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.86 annualized dividend and a dividend yield of 1.12%. Wheaton Precious Metals’s payout ratio is currently 48.02%.
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.
See Also
Receive News & Ratings for Wheaton Precious Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wheaton Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.