Equities Analysts Issue Forecasts for WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Raymond James Financial boosted their FY2025 EPS estimates for shares of Wheaton Precious Metals in a research note issued to investors on Thursday, August 7th. Raymond James Financial analyst B. Macarthur now forecasts that the company will earn $2.47 per share for the year, up from their previous estimate of $2.45. Raymond James Financial has a “Outperform” rating and a $90.00 price objective on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS.

Other research analysts have also issued research reports about the stock. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a “sector outperform” rating in a research note on Tuesday. Berenberg Bank increased their price target on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. National Bankshares restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Royal Bank Of Canada increased their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 4th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.33.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $96.41 on Monday. The firm has a market cap of $43.77 billion, a PE ratio of 55.73, a P/E/G ratio of 2.72 and a beta of 0.39. The firm’s 50 day moving average price is $91.74 and its two-hundred day moving average price is $81.30. Wheaton Precious Metals has a twelve month low of $55.47 and a twelve month high of $103.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at $1,442,000. J.W. Cole Advisors Inc. grew its stake in Wheaton Precious Metals by 10.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 11,396 shares of the company’s stock valued at $1,023,000 after buying an additional 1,034 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at $70,000. Laurel Wealth Advisors LLC grew its stake in Wheaton Precious Metals by 6,314.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 44,900 shares of the company’s stock valued at $4,032,000 after buying an additional 44,200 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at $1,375,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a $0.165 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 38.15%.

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.