WPM FY2024 EPS Estimate Increased by National Bank Financial

Wheaton Precious Metals Corp. (NYSE:WPM) – National Bank Financial increased their FY2024 earnings per share estimates for Wheaton Precious Metals in a research report issued to clients and investors on Wednesday, February 19th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $1.46 per share for the year, up from their previous estimate of $1.45. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q4 2024 earnings at $0.43 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.46 EPS, FY2026 earnings at $1.69 EPS and FY2026 earnings at $1.69 EPS.

Other analysts have also issued reports about the company. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $68.95 on Monday. The firm has a market cap of $31.28 billion, a PE ratio of 51.46, a PEG ratio of 1.91 and a beta of 0.77. The stock’s fifty day moving average price is $61.25 and its two-hundred day moving average price is $61.76. Wheaton Precious Metals has a 1 year low of $38.57 and a 1 year high of $70.31.

Institutional Investors Weigh In On Wheaton Precious Metals

Several institutional investors and hedge funds have recently bought and sold shares of WPM. Creative Planning lifted its holdings in Wheaton Precious Metals by 5.6% in the 3rd quarter. Creative Planning now owns 44,000 shares of the company’s stock worth $2,688,000 after buying an additional 2,318 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Wheaton Precious Metals by 26.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,633 shares of the company’s stock worth $344,000 after buying an additional 1,171 shares during the period. International Assets Investment Management LLC lifted its holdings in Wheaton Precious Metals by 5,864.8% in the 3rd quarter. International Assets Investment Management LLC now owns 278,196 shares of the company’s stock worth $16,992,000 after buying an additional 273,532 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Wheaton Precious Metals by 12.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 19,007 shares of the company’s stock worth $1,162,000 after buying an additional 2,157 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in Wheaton Precious Metals in the 3rd quarter worth approximately $208,000. Hedge funds and other institutional investors 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.