Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) – Raymond James dropped their Q4 2024 earnings per share estimates for Wheaton Precious Metals in a research report issued to clients and investors on Thursday, August 8th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.38. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.38 per share.
A number of other research analysts have also recently commented on the company. CIBC upped their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. BMO Capital Markets increased their price objective on Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Berenberg Bank increased their price objective on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Scotiabank upped their target price on Wheaton Precious Metals from $59.00 to $66.50 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, Bank of America increased their price objective on Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.
Check Out Our Latest Report on Wheaton Precious Metals
Wheaton Precious Metals Price Performance
Shares of NYSE WPM traded up $1.44 during trading on Friday, reaching $55.81. 960,724 shares of the stock traded hands, compared to its average volume of 1,843,361. Wheaton Precious Metals has a 52-week low of $38.37 and a 52-week high of $63.06. The company has a 50-day moving average of $55.89 and a 200-day moving average of $51.31. The stock has a market capitalization of $25.32 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The business had revenue of $299.06 million for the quarter, compared to analysts’ expectations of $309.54 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis.
Wheaton Precious Metals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.62 annualized dividend and a yield of 1.11%. Wheaton Precious Metals’s payout ratio is 47.69%.
Institutional Investors Weigh In On Wheaton Precious Metals
Several institutional investors and hedge funds have recently bought and sold shares of WPM. Ridgewood Investments LLC bought a new position in Wheaton Precious Metals during the 2nd quarter valued at approximately $31,000. Principal Securities Inc. bought a new position in Wheaton Precious Metals during the 4th quarter valued at approximately $39,000. Fifth Third Bancorp increased its position in Wheaton Precious Metals by 230.7% during the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock valued at $43,000 after buying an additional 602 shares in the last quarter. St. Johns Investment Management Company LLC bought a new position in Wheaton Precious Metals during the 1st quarter valued at approximately $52,000. Finally, Western Pacific Wealth Management LP increased its position in Wheaton Precious Metals by 47.6% during the 4th quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock valued at $55,000 after buying an additional 359 shares in the last quarter. Hedge funds and other institutional investors 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.
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