PI Global Investments
Precious Metals

FY2024 EPS Estimates for Wheaton Precious Metals Corp. Decreased by Edison Inv. Res (NYSE:WPM)


Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) – Stock analysts at Edison Inv. Res dropped their FY2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a research note issued on Tuesday, August 16th. Edison Inv. Res analyst C. Gibson now anticipates that the company will post earnings per share of $1.49 for the year, down from their prior forecast of $1.50. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.30 per share.

WPM has been the topic of a number of other research reports. Stifel Nicolaus lowered their price target on Wheaton Precious Metals from C$71.00 to C$66.50 in a report on Wednesday, July 20th. KeyCorp lowered their price target on Wheaton Precious Metals from $56.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. National Bank Financial lowered their price objective on Wheaton Precious Metals from C$70.00 to C$68.00 in a report on Monday. Raymond James lowered their price objective on Wheaton Precious Metals from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday. Finally, TD Securities lowered their price objective on Wheaton Precious Metals from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.56.

Wheaton Precious Metals Stock Down 3.7 %

NYSE WPM opened at $32.58 on Wednesday. Wheaton Precious Metals has a 52-week low of $31.56 and a 52-week high of $51.90. The business’s 50-day moving average price is $35.51 and its 200 day moving average price is $41.69. The firm has a market cap of $14.72 billion, a P/E ratio of 19.99, a P/E/G ratio of 5.20 and a beta of 0.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital World Investors raised its position in Wheaton Precious Metals by 4.0% during the first quarter. Capital World Investors now owns 20,592,926 shares of the company’s stock worth $979,811,000 after acquiring an additional 783,194 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Wheaton Precious Metals by 3.8% in the 1st quarter. First Eagle Investment Management LLC now owns 17,057,649 shares of the company’s stock valued at $811,603,000 after buying an additional 619,945 shares in the last quarter. Vanguard Group Inc. grew its holdings in Wheaton Precious Metals by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 14,469,870 shares of the company’s stock valued at $688,475,000 after buying an additional 303,774 shares during the last quarter. FMR LLC increased its position in Wheaton Precious Metals by 5.3% during the second quarter. FMR LLC now owns 14,161,430 shares of the company’s stock worth $510,260,000 after buying an additional 707,233 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Wheaton Precious Metals by 9.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,899,282 shares of the company’s stock worth $296,280,000 after acquiring an additional 594,520 shares during the last quarter. Institutional investors and hedge funds own 67.90% of the company’s stock.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Friday, August 26th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, September 7th. Wheaton Precious Metals’s dividend payout ratio is currently 36.81%.

Wheaton Precious Metals Company Profile

(Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

Further Reading

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



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