FY2025 EPS Estimates for Wheaton Precious Metals Corp. (NYSE:WPM) Decreased by National Bank Financial

Wheaton Precious Metals Corp. (NYSE:WPM) – National Bank Financial lowered their FY2025 EPS estimates for Wheaton Precious Metals in a research note issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.99 for the year, down from their previous estimate of $1.00. National Bank Financial currently has a “Sector Perform” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.24 per share.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. The firm had revenue of $313.47 million for the quarter, compared to analysts’ expectations of $284.29 million.

A number of other equities analysts also recently weighed in on WPM. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Jefferies Financial Group lifted their price objective on Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday. Scotiabank lowered their price objective on Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 28th. CIBC raised their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets reduced their price target on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.32.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $52.48 on Monday. The company has a market capitalization of $23.79 billion, a P/E ratio of 44.10, a PEG ratio of 7.23 and a beta of 0.77. Wheaton Precious Metals has a one year low of $38.37 and a one year high of $54.30. The business’s 50 day simple moving average is $45.98 and its 200-day simple moving average is $46.15.

Institutional Investors Weigh In On Wheaton Precious Metals

Institutional investors have recently made changes to their positions in the company. Sprott Inc. increased its position in shares of Wheaton Precious Metals by 4.8% in the third quarter. Sprott Inc. now owns 799,533 shares of the company’s stock worth $32,421,000 after purchasing an additional 36,654 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of Wheaton Precious Metals by 31.4% during the 4th quarter. Douglas Lane & Associates LLC now owns 408,449 shares of the company’s stock valued at $20,153,000 after acquiring an additional 97,535 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Wheaton Precious Metals by 4.4% during the third quarter. Deutsche Bank AG now owns 3,623,133 shares of the company’s stock worth $146,918,000 after purchasing an additional 152,826 shares during the last quarter. Wellington Management Group LLP raised its holdings in Wheaton Precious Metals by 98.8% in the 3rd quarter. Wellington Management Group LLP now owns 71,667 shares of the company’s stock valued at $2,922,000 after buying an additional 35,616 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Wheaton Precious Metals by 2,400.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,250 shares of the company’s stock valued at $62,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were issued a dividend of $0.155 per share. The ex-dividend date was Tuesday, April 2nd. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.18%. Wheaton Precious Metals’s payout ratio is presently 52.10%.

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.