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November 21, 2024
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Precious Metals

Zacks Research Analysts Lower Earnings Estimates for Wheaton Precious Metals Corp. (TSE:WPM)



Wheaton Precious Metals Corp. (TSE:WPMFree Report) – Stock analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Friday, March 22nd. Zacks Research analyst M. Das now forecasts that the company will earn $0.44 per share for the quarter, down from their previous forecast of $0.45. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.59 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.46 EPS, FY2025 earnings at $1.76 EPS and FY2026 earnings at $1.80 EPS.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus dropped their price objective on Wheaton Precious Metals from C$75.00 to C$72.00 and set a “buy” rating for the company in a report on Monday, March 18th. National Bankshares cut Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$75.00 to C$68.00 in a report on Friday, February 23rd. Finally, National Bank Financial cut Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st.

View Our Latest Report on Wheaton Precious Metals

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at C$61.11 on Monday. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$71.39. The stock has a market cap of C$27.68 billion, a P/E ratio of 38.19 and a beta of 0.61.

Wheaton Precious Metals (TSE:WPMGet Free Report) last issued its earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.42 by C$0.07. The company had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 51.25%.

Insider Activity

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total value of C$1,156,052.80. In related news, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total value of C$1,156,052.80. Insiders sold a total of 20,664 shares of company stock worth $1,272,782 in the last quarter. 0.17% of the stock is owned by company insiders.

Wheaton Precious Metals Company Profile

(Get Free Report)

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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Earnings History and Estimates for Wheaton Precious Metals (TSE:WPM)



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