Scotiabank Has Bullish Forecast for TSE:WPM FY2025 Earnings

Wheaton Precious Metals Corp. (TSE:WPM) – Equities research analysts at Scotiabank boosted their FY2025 earnings estimates for shares of Wheaton Precious Metals in a research note issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $3.72 for the year, up from their prior forecast of $3.65. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $2.47 per share.

A number of other equities research analysts have also weighed in on WPM. Royal Bank Of Canada upgraded Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective on the stock in a research report on Wednesday, December 10th. Peel Hunt raised their price target on Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$145.14.

Wheaton Precious Metals Price Performance

TSE WPM opened at C$180.59 on Monday. Wheaton Precious Metals has a 1 year low of C$90.72 and a 1 year high of C$214.41. The stock has a market capitalization of C$81.99 billion, a PE ratio of 81.97 and a beta of 1.01. The business’s 50-day moving average is C$170.16 and its 200 day moving average is C$150.63.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.62 EPS for the quarter. The firm had revenue of C$663.15 million during the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio is currently 29.51%.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.