Wheaton Precious Metals Corp. to Post FY2025 Earnings of $0.99 Per Share, National Bank Financial Forecasts (NYSE:WPM)

Wheaton Precious Metals Corp. (NYSE:WPM) – Stock analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of Wheaton Precious Metals in a research note issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.99 per share for the year, down from their previous estimate of $1.00. National Bank Financial has a “Sector Perform” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.24 per share.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, March 14th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $313.47 million for the quarter, compared to analysts’ expectations of $284.29 million. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%.

Other equities analysts also recently issued research reports about the stock. CIBC lifted their target price on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. BMO Capital Markets dropped their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. TD Securities raised Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their target price for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Scotiabank lowered their target price on Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. Finally, Berenberg Bank increased their price target on Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average price target of $59.32.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $51.53 on Monday. The company’s 50 day moving average price is $45.98 and its 200-day moving average price is $46.15. Wheaton Precious Metals has a 52-week low of $38.37 and a 52-week high of $54.30. The company has a market capitalization of $23.36 billion, a P/E ratio of 43.30, a price-to-earnings-growth ratio of 7.23 and a beta of 0.77.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio (DPR) is 52.10%.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of institutional investors have recently modified their holdings of WPM. Sprott Inc. increased its stake in Wheaton Precious Metals by 4.8% during the 3rd quarter. Sprott Inc. now owns 799,533 shares of the company’s stock valued at $32,421,000 after purchasing an additional 36,654 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in shares of Wheaton Precious Metals by 31.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 408,449 shares of the company’s stock worth $20,153,000 after acquiring an additional 97,535 shares during the last quarter. Deutsche Bank AG lifted its position in Wheaton Precious Metals by 4.4% in the 3rd quarter. Deutsche Bank AG now owns 3,623,133 shares of the company’s stock valued at $146,918,000 after acquiring an additional 152,826 shares in the last quarter. Wellington Management Group LLP boosted its stake in Wheaton Precious Metals by 98.8% during the 3rd quarter. Wellington Management Group LLP now owns 71,667 shares of the company’s stock valued at $2,922,000 after purchasing an additional 35,616 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Wheaton Precious Metals by 2,400.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,250 shares of the company’s stock valued at $62,000 after purchasing an additional 1,200 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

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.