Wheaton Precious Metals Corp. (TSE:WPM – Free Report) – Equities research analysts at Edison Inv. Res raised their Q2 2024 EPS estimates for shares of Wheaton Precious Metals in a research note issued to investors on Monday, March 18th. 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 $0.30. 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.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. The business had revenue of C$426.80 million for the quarter, compared to analysts’ expectations of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%.
A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus lowered 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. National Bankshares lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$75.00 to C$68.00 in a research report on Friday, February 23rd. Finally, National Bank Financial lowered 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.
Check Out Our Latest Analysis on Wheaton Precious Metals
Wheaton Precious Metals Trading Up 0.9 %
TSE WPM opened at C$61.44 on Thursday. The stock has a market capitalization of C$27.83 billion, a P/E ratio of 38.40 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.
Insider Activity at Wheaton Precious Metals
In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 1,857 shares of the company’s stock in a transaction that occurred 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be issued a $0.21 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.84 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio is currently 51.25%.
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 2017. Wheaton Precious Metals Corp.
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