Equities Analysts Issue Forecasts for WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Stock analysts at Edison Inv. Res cut their FY2025 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Thursday, March 27th. Edison Inv. Res analyst C. Gibson now forecasts that the company will post earnings of $1.23 per share for the year, down from their previous forecast of $1.67. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share.

WPM has been the subject of several other research reports. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank increased their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research note on Monday, March 17th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $72.44.

Wheaton Precious Metals Stock Up 0.3 %

WPM stock opened at $76.86 on Monday. The company has a market cap of $34.87 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a 52 week low of $47.02 and a 52 week high of $77.86. The business has a 50-day simple moving average of $68.44 and a 200 day simple moving average of $63.81.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same quarter last year, the firm earned $0.36 EPS. Wheaton Precious Metals’s revenue for the quarter was up 21.4% compared to the same quarter last year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s dividend payout ratio is currently 56.90%.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of hedge funds have recently added to or reduced their stakes in WPM. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $29,000. Promus Capital LLC purchased a new position in Wheaton Precious Metals during the 4th quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $38,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals in the 4th quarter valued at about $39,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

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.