Edison Inv. Res Has Negative Outlook for WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at Edison Inv. Res dropped their FY2025 earnings estimates for Wheaton Precious Metals in a research report issued on Monday, November 11th. Edison Inv. Res analyst C. Gibson now anticipates that the company will post earnings per share of $1.23 for the year, down from their previous estimate of $1.26. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.44 per share.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter last year, the firm earned $0.27 EPS.

Several other analysts have also issued reports on WPM. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. TD Securities boosted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Raymond James increased their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Scotiabank raised their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.88.

Wheaton Precious Metals Stock Up 0.5 %

NYSE:WPM opened at $59.33 on Wednesday. Wheaton Precious Metals has a 52 week low of $38.57 and a 52 week high of $68.64. The stock’s fifty day moving average is $62.75 and its two-hundred day moving average is $58.76. The company has a market capitalization of $26.91 billion, a P/E ratio of 44.28, a P/E/G ratio of 2.17 and a beta of 0.77.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.155 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.05%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 46.27%.

Institutional Investors Weigh In On Wheaton Precious Metals

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in Wheaton Precious Metals by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 878,049 shares of the company’s stock worth $41,227,000 after acquiring an additional 68,755 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at $770,000. Well Done LLC lifted its position in shares of Wheaton Precious Metals by 173.9% during the 3rd quarter. Well Done LLC now owns 38,108 shares of the company’s stock worth $2,328,000 after purchasing an additional 24,196 shares during the last quarter. Forge First Asset Management Inc. acquired a new position in shares of Wheaton Precious Metals during the first quarter worth $4,817,000. Finally, Lighthouse Investment Partners LLC purchased a new position in Wheaton Precious Metals in the second quarter valued at $1,016,000. Institutional investors and hedge funds 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.