Wheaton Precious Metals Corp. Expected to Post Q1 2024 Earnings of $0.32 Per Share (NYSE:WPM)

Wheaton Precious Metals Corp. (NYSE:WPMFree Report) – Analysts at Eight Capital decreased their Q1 2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a research report issued on Monday, January 29th. Eight Capital analyst R. Profiti now anticipates that the company will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.37. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.10 per share. Eight Capital also issued estimates for Wheaton Precious Metals’ Q2 2024 earnings at $0.32 EPS, Q3 2024 earnings at $0.33 EPS, Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $1.31 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS and FY2028 earnings at $1.43 EPS.

A number of other equities research analysts have also recently commented on the company. Berenberg Bank decreased their price target on Wheaton Precious Metals from $61.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, October 11th. Raymond James boosted their price objective on shares of Wheaton Precious Metals from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. TheStreet lowered shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a report on Friday, November 10th. StockNews.com assumed coverage on shares of Wheaton Precious Metals in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, BMO Capital Markets lowered their price target on shares of Wheaton Precious Metals from $58.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average target price of $62.13.

Check Out Our Latest Stock Report on WPM

Wheaton Precious Metals Trading Up 2.5 %

Shares of WPM opened at $48.04 on Wednesday. The firm has a market cap of $21.77 billion, a PE ratio of 40.37, a P/E/G ratio of 9.40 and a beta of 0.81. Wheaton Precious Metals has a 1-year low of $38.37 and a 1-year high of $52.76. The firm has a fifty day simple moving average of $48.15 and a two-hundred day simple moving average of $44.85.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Wheaton Precious Metals had a return on equity of 6.94% and a net margin of 57.03%. The business had revenue of $223.14 million for the quarter, compared to analysts’ expectations of $241.33 million.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of institutional investors have recently bought and sold shares of the stock. CVA Family Office LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $26,000. Atlas Capital Advisors LLC purchased a new stake in Wheaton Precious Metals during the fourth quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Wheaton Precious Metals during the fourth quarter valued at about $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Wheaton Precious Metals by 54.7% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after buying an additional 280 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Wheaton Precious Metals during the second quarter valued at about $33,000. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Tuesday, November 28th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, November 27th. Wheaton Precious Metals’s dividend payout ratio is presently 50.42%.

About Wheaton Precious Metals

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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 10, 2017. Wheaton Precious Metals Corp.

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

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