FY2024 Earnings Forecast for TSE:WPM Issued By Stifel Canada

Wheaton Precious Metals Corp. (TSE:WPM) – Research analysts at Stifel Canada increased their FY2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a report released on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the company will post earnings per share of $1.97 for the year, up from their prior estimate of $1.95. Stifel Canada currently has a “Hold” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The business had revenue of C$409.19 million during the quarter, compared to analyst estimates of C$400.03 million.

A number of other brokerages also recently issued reports on WPM. Stifel Nicolaus boosted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday. Eight Capital increased their price target on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Peel Hunt increased their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Canaccord Genuity Group raised their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$90.00 to C$105.00 in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Stock Performance

Shares of TSE WPM opened at C$94.71 on Wednesday. The company has a market cap of C$42.96 billion, a PE ratio of 54.75 and a beta of 0.70. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84. The firm’s 50 day moving average price is C$83.63 and its 200-day moving average price is C$78.42.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.214 per share. This represents a $0.86 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 48.55%.

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.