Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) – Equities research analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of Wheaton Precious Metals in a research report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.99 for the year, down from their prior forecast of $1.00. National Bank Financial has a “Sector Perform” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.24 per share.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The business had revenue of $313.47 million for the quarter, compared to the consensus estimate of $284.29 million.
Get Our Latest Stock Analysis on Wheaton Precious Metals
Wheaton Precious Metals Price Performance
Shares of Wheaton Precious Metals stock opened at $51.53 on Monday. The company has a market cap of $23.36 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 7.23 and a beta of 0.77. The firm has a fifty day moving average price of $45.98 and a two-hundred day moving average price of $46.15. Wheaton Precious Metals has a fifty-two week low of $38.37 and a fifty-two week high of $54.30.
Institutional Investors Weigh In On Wheaton Precious Metals
Hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC increased its holdings in shares of Wheaton Precious Metals by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 21,110,441 shares of the company’s stock worth $1,041,589,000 after buying an additional 112,178 shares in the last quarter. Van ECK Associates Corp grew its position in Wheaton Precious Metals by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 20,521,065 shares of the company’s stock worth $1,012,517,000 after acquiring an additional 1,856,031 shares during the last quarter. Vanguard Group Inc. increased its holdings in Wheaton Precious Metals by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 16,497,557 shares of the company’s stock valued at $813,989,000 after purchasing an additional 294,488 shares in the last quarter. FIL Ltd raised its position in Wheaton Precious Metals by 5.5% in the 4th quarter. FIL Ltd now owns 10,646,479 shares of the company’s stock valued at $525,235,000 after purchasing an additional 550,804 shares during the last quarter. Finally, Norges Bank bought a new position in Wheaton Precious Metals in the 4th quarter valued at $387,481,000. Institutional investors and hedge funds own 70.34% of the company’s stock.
Wheaton Precious Metals Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were issued a $0.155 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.62 annualized dividend and a dividend yield of 1.20%. Wheaton Precious Metals’s dividend payout ratio is presently 52.10%.
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.
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