Q4 EPS Forecast for Wheaton Precious Metals Cut by Analyst

Wheaton Precious Metals Corp. (TSE:WPM) – National Bank Financial cut their Q4 2024 earnings estimates for shares of Wheaton Precious Metals in a research note issued on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.65. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Several other equities analysts have also weighed in on WPM. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus boosted their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Price Performance

TSE:WPM opened at C$97.56 on Wednesday. The firm has a market cap of C$44.26 billion, a price-to-earnings ratio of 56.39 and a beta of 0.70. The company has a 50 day moving average price of C$86.08 and a 200-day moving average price of C$84.99. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$97.61.

Wheaton Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is presently 48.55%.

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.