What is Raymond James’ Estimate for WPM FY2024 Earnings?

Wheaton Precious Metals Corp. (NYSE:WPM) – Stock analysts at Raymond James dropped their FY2024 EPS estimates for shares of Wheaton Precious Metals in a note issued to investors on Wednesday, February 19th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $1.39 per share for the year, down from their previous estimate of $1.43. Raymond James currently has a “Outperform” rating and a $75.00 price target on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.46 per share. Raymond James also issued estimates for Wheaton Precious Metals’ Q4 2024 earnings at $0.42 EPS, Q1 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.47 EPS and FY2025 earnings at $1.81 EPS.

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

Wheaton Precious Metals Stock Performance

WPM stock opened at $69.90 on Friday. The stock has a 50-day simple moving average of $60.74 and a 200-day simple moving average of $61.38. The firm has a market cap of $31.71 billion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a 1 year low of $38.57 and a 1 year high of $70.31.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $29,000. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the 4th quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $38,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. 70.34% of the stock is currently owned by institutional investors.

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.