Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) has had its FY2025 earnings forecast raised to $1.68 per share by National Bank Financial, up from $1.48. They maintain an “Outperform” rating on the stock. The consensus estimate for FY2024 earnings is $1.43 per share.
In Q2, Wheaton reported earnings of $0.33 per share, exceeding estimates of $0.29. Revenue for the quarter was $299.06 million, compared to forecasts of $309.54 million. This reflects a 12.9% revenue increase from the same quarter last year.
Recent research ratings include: Berenberg Bank raised their target price from $64.00 to $66.00, while Bank of America increased theirs from $60.00 to $61.00. TD Securities reduced their target from $71.00 to $70.00. Raymond James raised theirs from $70.00 to $72.00, and CIBC increased it from $75.00 to $80.00. The average rating for the stock is “Buy” with a consensus price target of $69.88.
Stock Performance
Wheaton shares opened at $60.71, with a market cap of $27.54 billion and a P/E ratio of 48.18. The stock has a 52-week range of $38.57 – $64.82.
Institutional Activity
Recent institutional investors include Ridgewood Investments LLC and Sunbelt Securities Inc., both establishing new stakes in Wheaton. About 70.34% of the stock is owned by these entities.
Dividend Information
The company declared a quarterly dividend of $0.155 per share, with a yield of 1.02%. The dividend payout ratio is 49.21%.
About Wheaton Precious Metals
(Get Free Report) Wheaton Precious Metals specializes in selling precious metals, including gold and silver, across North America, Europe, and South America.
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