Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) – Equities researchers at Stifel Canada lowered their Q3 2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.39. Stifel Canada currently has a “Hold” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.45 per share. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $1.96 EPS and FY2026 earnings at $1.96 EPS.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $299.06 million during the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS.
View Our Latest Stock Report on Wheaton Precious Metals
Wheaton Precious Metals Price Performance
NYSE WPM opened at $67.13 on Thursday. The business has a 50 day moving average price of $61.87 and a 200 day moving average price of $57.51. The company has a market capitalization of $30.45 billion, a P/E ratio of 51.64, a PEG ratio of 2.48 and a beta of 0.78. Wheaton Precious Metals has a 1-year low of $38.57 and a 1-year high of $68.64.
Wheaton Precious Metals Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 0.92%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 47.69%.
Hedge Funds Weigh In On Wheaton Precious Metals
Several institutional investors and hedge funds have recently made changes to their positions in the business. Ridgewood Investments LLC acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth approximately $31,000. Abich Financial Wealth Management LLC bought a new stake in Wheaton Precious Metals in the second quarter valued at $31,000. Sunbelt Securities Inc. bought a new position in shares of Wheaton Precious Metals during the second quarter worth about $47,000. St. Johns Investment Management Company LLC bought a new stake in Wheaton Precious Metals in the 3rd quarter valued at about $48,000. Finally, Western Pacific Wealth Management LP boosted its stake in Wheaton Precious Metals by 19.6% during the 1st quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock valued at $63,000 after purchasing an additional 218 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.
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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