WPM FY2024 EPS Decreased by National Bank Financial

Wheaton Precious Metals Corp. (NYSE:WPM) – National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $1.45 per share for the year, down from their prior forecast of $1.48. 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 $0.42 EPS.

Several other analysts also recently commented on the company. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Securities increased their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Finally, Raymond James raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $66.93 on Wednesday. The company has a market capitalization of $30.36 billion, a price-to-earnings ratio of 49.95, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. Wheaton Precious Metals has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The firm has a 50-day simple moving average of $59.86 and a 200-day simple moving average of $60.93.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after buying an additional 1,231,999 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Wheaton Precious Metals by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company’s stock valued at $994,733,000 after purchasing an additional 281,123 shares during the last quarter. FMR LLC grew its position in shares of Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Wheaton Precious Metals by 9.6% during the 4th quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock worth $402,627,000 after purchasing an additional 629,743 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Wheaton Precious Metals by 22.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after purchasing an additional 634,843 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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.