Wheaton Precious Metals Corp (NYSE:WPM) – Investment analysts at Raymond James increased their Q4 2020 EPS estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Wednesday, September 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.38 for the quarter, up from their previous estimate of $0.26. Raymond James currently has a “Outperform” rating and a $64.00 price target on the stock. Raymond James also issued estimates for Wheaton Precious Metals’ Q1 2021 earnings at $0.36 EPS, Q2 2021 earnings at $0.37 EPS, Q3 2021 earnings at $0.38 EPS, Q4 2021 earnings at $0.39 EPS and FY2021 earnings at $1.50 EPS.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Wednesday, August 12th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $247.95 million for the quarter, compared to the consensus estimate of $208.08 million. Wheaton Precious Metals had a return on equity of 6.50% and a net margin of 37.30%.

WPM has been the topic of several other reports. Zacks Investment Research upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, September 23rd. TD Securities lifted their price target on Wheaton Precious Metals from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Credit Suisse Group lifted their price target on Wheaton Precious Metals from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $50.00 price target on shares of Wheaton Precious Metals in a research report on Thursday, August 20th. Finally, Scotiabank reiterated a “sector outperform” rating and set a $55.00 price target (up from $53.00) on shares of Wheaton Precious Metals in a research report on Thursday, August 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Wheaton Precious Metals currently has a consensus rating of “Hold” and an average target price of $52.20.

Shares of WPM stock opened at $48.34 on Monday. Wheaton Precious Metals has a 1 year low of $18.66 and a 1 year high of $57.89. The stock has a market cap of $21.70 billion, a PE ratio of 61.19, a price-to-earnings-growth ratio of 10.36 and a beta of 0.52. The business’s fifty day moving average is $51.99 and its 200-day moving average is $42.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.73 and a current ratio of 2.73.

Several hedge funds have recently modified their holdings of WPM. tru Independence LLC purchased a new position in shares of Wheaton Precious Metals during the second quarter valued at $31,000. Balentine LLC purchased a new position in shares of Wheaton Precious Metals during the second quarter valued at $54,000. Pacitti Group Inc. grew its holdings in shares of Wheaton Precious Metals by 33.2% during the first quarter. Pacitti Group Inc. now owns 2,408 shares of the company’s stock valued at $66,000 after buying an additional 600 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Wheaton Precious Metals during the second quarter valued at $67,000. Finally, St. Johns Investment Management Company LLC purchased a new position in shares of Wheaton Precious Metals during the second quarter valued at $79,000. Institutional investors and hedge funds own 59.45% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. Wheaton Precious Metals’s dividend payout ratio is 71.43%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Earnings History and Estimates for Wheaton Precious Metals (NYSE:WPM)

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