TSE:WPM FY2024 EPS Lowered by National Bank Financial

Wheaton Precious Metals Corp. (TSE:WPM) – Analysts at National Bank Financial decreased their FY2024 earnings 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 post earnings of $2.07 per share for the year, down from their prior estimate of $2.13. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Several other equities research analysts also recently weighed in on WPM. Stifel Nicolaus increased their price target on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Price Performance

Shares of TSE WPM opened at C$97.56 on Thursday. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$97.61. The firm has a 50-day simple moving average of C$86.08 and a two-hundred day simple moving average of C$84.99. The company has a market cap of C$44.26 billion, a P/E ratio of 56.39 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 0.86%. Wheaton Precious Metals’s dividend payout ratio is currently 48.55%.

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.