Research Analysts Set Expectations for Wheaton Precious Metals Corp.’s FY2025 Earnings (NYSE:WPM)

Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of Wheaton Precious Metals in a research report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.99 for the year, down from their prior forecast of $1.00. National Bank Financial has a “Sector Perform” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.24 per share.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The business had revenue of $313.47 million for the quarter, compared to the consensus estimate of $284.29 million.

WPM has been the subject of a number of other research reports. Raymond James cut their price objective on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $53.00 in a research report on Monday, March 18th. BMO Capital Markets decreased their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. CIBC upped their target price on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group lifted their price target on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.32.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $51.53 on Monday. The company has a market cap of $23.36 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 7.23 and a beta of 0.77. The firm has a fifty day moving average price of $45.98 and a two-hundred day moving average price of $46.15. Wheaton Precious Metals has a fifty-two week low of $38.37 and a fifty-two week high of $54.30.

Institutional Investors Weigh In On Wheaton Precious Metals

Hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC increased its holdings in shares of Wheaton Precious Metals by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 21,110,441 shares of the company’s stock worth $1,041,589,000 after buying an additional 112,178 shares in the last quarter. Van ECK Associates Corp grew its position in Wheaton Precious Metals by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 20,521,065 shares of the company’s stock worth $1,012,517,000 after acquiring an additional 1,856,031 shares during the last quarter. Vanguard Group Inc. increased its holdings in Wheaton Precious Metals by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 16,497,557 shares of the company’s stock valued at $813,989,000 after purchasing an additional 294,488 shares in the last quarter. FIL Ltd raised its position in Wheaton Precious Metals by 5.5% in the 4th quarter. FIL Ltd now owns 10,646,479 shares of the company’s stock valued at $525,235,000 after purchasing an additional 550,804 shares during the last quarter. Finally, Norges Bank bought a new position in Wheaton Precious Metals in the 4th quarter valued at $387,481,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were issued a $0.155 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.62 annualized dividend and a dividend yield of 1.20%. Wheaton Precious Metals’s dividend payout ratio is presently 52.10%.

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.