What is Stifel Canada’s Forecast for TSE:WPM Q3 Earnings?

Wheaton Precious Metals Corp. (TSE:WPM) – Stifel Canada decreased their Q3 2024 EPS estimates for Wheaton Precious Metals in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the company will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.53. Stifel Canada has a “Hold” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2025 earnings at $2.70 EPS and FY2026 earnings at $2.70 EPS.

Several other equities research analysts also recently issued reports on WPM. Stifel Nicolaus boosted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Peel Hunt boosted their price objective on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group boosted their price target on Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

WPM opened at C$93.00 on Thursday. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$94.84. The firm has a 50 day moving average price of C$84.19 and a 200 day moving average price of C$78.63. The company has a market cap of C$42.19 billion, a PE ratio of 53.76 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.39 by C$0.06. The firm had revenue of C$409.19 million during the quarter, compared to the consensus estimate of C$400.03 million. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.214 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s payout ratio is 48.55%.

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.