Scotiabank Analysts Increase Earnings Estimates for WPM

Wheaton Precious Metals Corp. (NYSE:WPM) – Analysts at Scotiabank boosted their FY2025 EPS estimates for shares of Wheaton Precious Metals in a research note issued to investors on Friday, January 30th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $2.75 per share for the year, up from their prior forecast of $2.61. Scotiabank has a “Outperform” rating and a $175.00 price objective on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share.

Several other equities research analysts have also recently weighed in on the stock. Zacks Research upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. UBS Group restated a “neutral” rating and set a $158.00 price objective on shares of Wheaton Precious Metals in a research report on Friday. CIBC raised their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Finally, Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $115.00 to $130.00 in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $140.44.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $136.85 on Monday. The stock has a market cap of $62.13 billion, a P/E ratio of 62.20, a PEG ratio of 1.18 and a beta of 0.52. The company has a fifty day moving average price of $124.04 and a 200 day moving average price of $109.12. Wheaton Precious Metals has a one year low of $63.20 and a one year high of $160.36.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.The business had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 54.5% compared to the same quarter last year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is currently 30.00%.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of hedge funds have recently added to or reduced their stakes in WPM. Nisa Investment Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth $26,000. Assetmark Inc. increased its holdings in Wheaton Precious Metals by 144.4% in the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after buying an additional 130 shares in the last quarter. Delta Asset Management LLC TN purchased a new position in Wheaton Precious Metals in the 2nd quarter worth about $27,000. Root Financial Partners LLC bought a new position in Wheaton Precious Metals during the 3rd quarter valued at about $29,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $32,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.