WPM FY2025 EPS Boosted by National Bank Financial

Key Points

• National Bank Financial raised its FY2025 earnings estimate for Wheaton Precious Metals to $2.43 per share, up from $2.34, while the current consensus estimate for the year is $1.46 per share.
• The company reported a 68.2% increase in quarterly revenue year-over-year, totaling $503.22 million, with earnings per share of $0.63, exceeding expectations.
• Wheaton Precious Metals recently paid a quarterly dividend of $0.165 per share, representing an annualized yield of 0.6%.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Equities researchers at National Bank Financial increased their FY2025 earnings estimates for shares of Wheaton Precious Metals in a research note issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $2.43 per share for the year, up from their prior forecast of $2.34. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. During the same quarter in the prior year, the company earned $0.33 EPS. The business's revenue was up 68.2% compared to the same quarter last year.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. UBS Group raised their target price on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. Scotiabank raised their price objective on Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 12th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Finally, CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $102.78.

Wheaton Precious Metals Stock Performance

NYSE WPM opened at $105.42 on Thursday. The company has a market cap of $47.86 billion, a PE ratio of 60.94, a P/E/G ratio of 2.91 and a beta of 0.42. The firm's 50 day moving average price is $98.49 and its 200-day moving average price is $88.47. Wheaton Precious Metals has a 52-week low of $55.47 and a 52-week high of $109.67.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio is currently 38.15%.

Institutional Investors Weigh In On Wheaton Precious Metals

Several hedge funds and other institutional investors have recently made changes to their positions in WPM. Vanguard Group Inc. increased its position in Wheaton Precious Metals by 3.1% during the second quarter. Vanguard Group Inc. now owns 18,554,651 shares of the company's stock worth $1,668,582,000 after purchasing an additional 557,793 shares during the last quarter. TD Asset Management Inc increased its position in Wheaton Precious Metals by 5.0% during the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock worth $582,876,000 after purchasing an additional 355,533 shares during the last quarter. Norges Bank acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth approximately $656,463,000. Bank of Montreal Can increased its holdings in shares of Wheaton Precious Metals by 10.3% during the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company's stock worth $460,736,000 after buying an additional 478,236 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Wheaton Precious Metals by 0.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,107,833 shares of the company's stock worth $458,683,000 after buying an additional 35,047 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

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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