
Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Stock analysts at Raymond James Financial lifted their FY2025 earnings estimates for Wheaton Precious Metals in a note issued to investors on Thursday, August 7th. Raymond James Financial analyst B. Macarthur now expects that the company will post earnings of $2.47 per share for the year, up from their prior forecast of $2.45. Raymond James Financial has a "Outperform" rating and a $90.00 price objective on the stock. 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 released 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 firm had revenue of $503.22 million for the quarter, compared to analysts' expectations of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 12.12%. The company's quarterly revenue was up 68.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share.
A number of other brokerages have also recently commented on WPM. UBS Group set a $106.00 price target on shares of Wheaton Precious Metals and gave the company a "neutral" rating in a research note on Monday. BMO Capital Markets restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Scotiabank upped their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. Finally, Berenberg Bank upped their price target on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals presently has an average rating of "Moderate Buy" and a consensus target price of $94.89.
Read Our Latest Stock Analysis on WPM
Wheaton Precious Metals Trading Down 3.3%
Shares of WPM stock traded down $3.29 during trading on Monday, reaching $97.40. 3,400,390 shares of the company's stock traded hands, compared to its average volume of 1,823,848. The company has a market capitalization of $44.22 billion, a P/E ratio of 56.30, a PEG ratio of 2.81 and a beta of 0.39. The firm's 50-day moving average is $91.65 and its 200 day moving average is $81.19. Wheaton Precious Metals has a 1 year low of $55.47 and a 1 year high of $103.81.
Institutional Trading of Wheaton Precious Metals
A number of hedge funds have recently made changes to their positions in the stock. Capital International Investors bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at $263,810,000. Mackenzie Financial Corp grew its holdings in shares of Wheaton Precious Metals by 54.4% during the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after purchasing an additional 1,135,699 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Wheaton Precious Metals by 1,321.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock valued at $68,720,000 after purchasing an additional 1,135,603 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Wheaton Precious Metals by 57.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company's stock valued at $162,811,000 after purchasing an additional 766,947 shares during the last quarter. Finally, Amundi grew its holdings in shares of Wheaton Precious Metals by 33.2% during the 1st quarter. Amundi now owns 2,745,947 shares of the company's stock valued at $215,557,000 after purchasing an additional 683,674 shares during the last quarter. 70.34% of the stock is owned by institutional investors.
Wheaton Precious Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st. Wheaton Precious Metals's payout ratio is currently 38.15%.
About Wheaton Precious Metals
(
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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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