Zacks Research Brokers Cut Earnings Estimates for TSE:WPM

Wheaton Precious Metals Corp. (TSE:WPM) – Zacks Research cut their FY2025 EPS estimates for Wheaton Precious Metals in a research report issued on Thursday, January 29th. Zacks Research analyst Team now anticipates that the company will post earnings of $3.55 per share for the year, down from their prior estimate of $3.60. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Friday, November 7th. The company reported C$0.62 earnings per share for the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. The company had revenue of C$663.15 million for the quarter.

Other equities research analysts also recently issued reports about the company. Peel Hunt increased their price target on Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday. Royal Bank Of Canada upgraded Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective for the company in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$145.14.

Wheaton Precious Metals Trading Up 0.7%

Shares of Wheaton Precious Metals stock opened at C$180.59 on Monday. The stock’s fifty day simple moving average is C$170.16 and its 200 day simple moving average is C$150.63. The company has a market capitalization of C$81.99 billion, a PE ratio of 81.97 and a beta of 1.01. Wheaton Precious Metals has a 12 month low of C$90.72 and a 12 month high of C$214.41.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is currently 29.51%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.