Scotiabank Analysts Decrease Earnings Estimates for TSE:WPM

Wheaton Precious Metals Corp. (TSE:WPM) – Analysts at Scotiabank dropped their FY2027 EPS estimates for shares of Wheaton Precious Metals in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $6.39 for the year, down from their prior estimate of $6.41. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

A number of other analysts have also recently weighed in on the company. Peel Hunt cut their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. National Bank Financial upped their price objective on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$203.86.

Wheaton Precious Metals Trading Up 11.7%

Shares of WPM stock opened at C$183.73 on Thursday. The company has a market cap of C$83.44 billion, a P/E ratio of 40.76 and a beta of 1.70. The firm has a fifty day moving average price of C$195.77 and a 200 day moving average price of C$185.64. Wheaton Precious Metals has a 12 month low of C$135.20 and a 12 month high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Thursday, August 6th. The company reported C$1.69 EPS for the quarter. The firm had revenue of C$1.32 billion during the quarter. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were given a $0.1950 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is 15.97%.

Insiders Place Their Bets

In other Wheaton Precious Metals news, insider Nikola Tatarkin sold 3,733 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total value of C$705,537.00. Following the completion of the transaction, the insider owned 30,756 shares in the company, valued at C$5,812,884. This represents a 10.82% decrease in their ownership of the stock. 0.13% of the stock is currently owned by company insiders.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.