Edison Inv. Res Has Negative Outlook of WPM FY2025 Earnings

Wheaton Precious Metals Corp. (NYSE:WPM) – Investment analysts at Edison Inv. Res cut their FY2025 earnings per share estimates for shares of Wheaton Precious Metals in a research note issued on Thursday, March 27th. Edison Inv. Res analyst C. Gibson now anticipates that the company will post earnings of $1.23 per share for the year, down from their prior estimate of $1.67. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis.

A number of other research analysts have also recently commented on WPM. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank raised their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a report on Monday, March 17th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus target price of $72.44.

Wheaton Precious Metals Trading Down 1.0 %

NYSE:WPM opened at $76.89 on Monday. The firm’s fifty day simple moving average is $69.19 and its 200 day simple moving average is $64.03. Wheaton Precious Metals has a twelve month low of $48.00 and a twelve month high of $78.05. The firm has a market capitalization of $34.88 billion, a price-to-earnings ratio of 57.38, a PEG ratio of 1.91 and a beta of 0.77.

Institutional Trading of Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Wheaton Precious Metals during the 4th quarter valued at $472,648,000. Capital International Investors acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $263,810,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth about $72,657,000. Van ECK Associates Corp grew its stake in Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Wheaton Precious Metals by 54.4% in the fourth quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company’s stock valued at $181,227,000 after buying an additional 1,135,699 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is 56.90%.

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.