Stifel Canada Issues Positive Forecast for TSE:WPM Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Stifel Canada increased their FY2025 EPS estimates for shares of Wheaton Precious Metals in a report released on Monday, April 21st. Stifel Canada analyst I. Rico now forecasts that the company will post earnings per share of $2.97 for the year, up from their previous forecast of $2.70. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

Other analysts have also recently issued research reports about the stock. National Bankshares raised their target price on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Monday, March 17th. CIBC boosted their target price on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Peel Hunt raised their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. BMO Capital Markets upgraded Wheaton Precious Metals to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, TD Securities increased their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Five equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$106.00.

Wheaton Precious Metals Price Performance

WPM opened at C$117.84 on Tuesday. The stock has a market capitalization of C$37.37 billion, a price-to-earnings ratio of 61.32 and a beta of 0.70. The business has a fifty day moving average price of C$105.21 and a 200 day moving average price of C$93.05. Wheaton Precious Metals has a 12 month low of C$69.78 and a 12 month high of C$120.60.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, April 11th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is currently 43.71%.

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.