Wheaton Precious Metals (TSE:WPM) Lifted to Strong-Buy at National Bank Financial

Wheaton Precious Metals (TSE:WPM) was upgraded by stock analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.56 EPS and FY2024 earnings at $1.99 EPS.

Several other research firms also recently issued reports on WPM. Peel Hunt increased their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Canaccord Genuity Group increased their price objective on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Eight Capital increased their price objective on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$90.00 to C$105.00 in a report on Thursday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$94.00.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at C$83.78 on Wednesday. The firm has a fifty day moving average price of C$81.90 and a 200 day moving average price of C$76.94. The stock has a market cap of C$38.01 billion, a PE ratio of 48.99 and a beta of 0.70. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$87.37.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.39 by C$0.06. The company had revenue of C$409.19 million for the quarter, compared to the consensus estimate of C$400.03 million. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. As a group, equities analysts expect that Wheaton Precious Metals will post 2.412993 EPS for the current year.

Wheaton Precious Metals Company Profile

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.