Q2 2024 Earnings Estimate for Wheaton Precious Metals Corp. (TSE:WPM) Issued By Edison Inv. Res

Wheaton Precious Metals Corp. (TSE:WPMFree Report) – Analysts at Edison Inv. Res upped their Q2 2024 earnings per share (EPS) estimates for Wheaton Precious Metals in a research report issued on Monday, March 18th. Edison Inv. Res analyst C. Gibson now forecasts that the company will earn $0.33 per share for the quarter, up from their previous estimate of $0.30. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.59 per share. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.39 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.60 EPS and FY2026 earnings at $2.17 EPS.

Wheaton Precious Metals (TSE:WPMGet Free Report) last released its earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.07. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%. The firm had revenue of C$426.80 million for the quarter, compared to the consensus estimate of C$381.95 million.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus dropped their price target on Wheaton Precious Metals from C$75.00 to C$72.00 and set a “buy” rating for the company in a research note on Monday, March 18th. National Bank Financial lowered Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research note on Wednesday, February 21st. Finally, National Bankshares lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$75.00 to C$68.00 in a research note on Friday, February 23rd.

View Our Latest Stock Analysis on Wheaton Precious Metals

Wheaton Precious Metals Stock Down 0.5 %

Shares of TSE:WPM opened at C$61.11 on Thursday. The stock has a market cap of C$27.68 billion, a price-to-earnings ratio of 38.19 and a beta of 0.61. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$71.39.

Insiders Place Their Bets

In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. In other news, Senior Officer Gary Duncan Brown sold 1,857 shares of Wheaton Precious Metals stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total value of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total value of C$1,156,052.80. Insiders have sold 20,664 shares of company stock worth $1,272,782 in the last three months. 0.17% of the stock is owned by insiders.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.84 annualized dividend and a yield of 1.37%. Wheaton Precious Metals’s payout ratio is currently 51.25%.

Wheaton Precious Metals Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Wheaton Precious Metals (TSE:WPM)

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