TSE:WPM FY2029 EPS Estimate Cut by Edison Inv. Res

Wheaton Precious Metals Corp. (TSE:WPM) – Analysts at Edison Inv. Res dropped their FY2029 earnings per share estimates for Wheaton Precious Metals in a report issued on Thursday, October 23rd. Edison Inv. Res analyst L. Ashbourne now forecasts that the company will post earnings of $2.86 per share for the year, down from their previous estimate of $2.93. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Other equities analysts have also recently issued reports about the company. CIBC lifted their price objective on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Canaccord Genuity Group boosted their price target on Wheaton Precious Metals from C$144.00 to C$172.00 in a report on Thursday, October 2nd. UBS Group cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Peel Hunt boosted their price target on Wheaton Precious Metals from C$149.00 to C$161.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$134.50.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at C$132.14 on Monday. The stock has a fifty day moving average price of C$144.20 and a 200 day moving average price of C$129.44. The stock has a market cap of C$59.99 billion, a PE ratio of 76.12 and a beta of 0.91. Wheaton Precious Metals has a 1 year low of C$79.88 and a 1 year high of C$160.44.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.5%. Wheaton Precious Metals’s payout ratio is currently 36.87%.

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.