Stifel Canada Has Positive Forecast for WPM FY2025 Earnings

Key Points

• Stifel Canada has raised its FY2025 earnings per share (EPS) estimate for Wheaton Precious Metals to $2.66, marking an increase from the previous estimate of $2.42.
• Wheaton Precious Metals recently reported a quarterly EPS of $0.63, exceeding analysts' expectations and contributing to a 68.2% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.165 per share, which translates to an annualized dividend of $0.66 and a yield of 0.7%.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities researchers at Stifel Canada increased their FY2025 EPS estimates for Wheaton Precious Metals in a research report issued to clients and investors on Monday, October 20th. Stifel Canada analyst I. Rico now anticipates that the company will post earnings per share of $2.66 for the year, up from their prior estimate of $2.42. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.46 per share.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. The business had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. Wheaton Precious Metals's quarterly revenue was up 68.2% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share.

WPM has been the topic of a number of other reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Wheaton Precious Metals in a research note on Wednesday, October 8th. Berenberg Bank raised their target price on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, September 12th. CIBC raised their target price on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an "outperformer" rating in a research note on Friday, October 10th. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, Raymond James Financial raised their target price on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.89.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $95.95 on Wednesday. The firm's 50 day simple moving average is $103.65 and its 200 day simple moving average is $92.92. The company has a market capitalization of $43.56 billion, a P/E ratio of 55.46, a P/E/G ratio of 1.89 and a beta of 0.41. Wheaton Precious Metals has a 1-year low of $55.47 and a 1-year high of $114.36.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bulwark Capital Corp purchased a new position in shares of Wheaton Precious Metals during the second quarter worth approximately $27,000. Delta Asset Management LLC TN bought a new position in shares of Wheaton Precious Metals in the second quarter worth approximately $27,000. Wealth Preservation Advisors LLC bought a new position in shares of Wheaton Precious Metals in the first quarter worth approximately $38,000. Banque Cantonale Vaudoise bought a new position in shares of Wheaton Precious Metals in the first quarter worth approximately $49,000. Finally, City State Bank grew its holdings in shares of Wheaton Precious Metals by 40.0% in the second quarter. City State Bank now owns 560 shares of the company's stock worth $50,000 after purchasing an additional 160 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals's dividend payout ratio (DPR) is 38.15%.

About Wheaton Precious Metals

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.

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