Wheaton Precious Metals Corp. to Post FY2023 Earnings of $1.84 Per Share, Raymond James Forecasts (TSE:WPM)

Wheaton Precious Metals Corp. (TSE:WPMGet Rating) – Stock analysts at Raymond James issued their FY2023 earnings per share (EPS) estimates for Wheaton Precious Metals in a research note issued on Tuesday, April 19th. Raymond James analyst B. Macarthur anticipates that the company will earn $1.84 per share for the year. Raymond James has a “Outperform” rating and a $70.00 price target on the stock.

Several other research firms have also recently commented on WPM. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$76.00 to C$81.00 in a research note on Friday. National Bankshares upped their target price on shares of Wheaton Precious Metals from C$68.00 to C$75.00 in a research note on Wednesday. KeyCorp upped their target price on shares of Wheaton Precious Metals to C$70.00 and gave the company an “overweight” rating in a research note on Tuesday. Eight Capital upped their target price on shares of Wheaton Precious Metals from C$85.00 to C$86.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Peel Hunt cut their target price on shares of Wheaton Precious Metals from C$77.00 to C$70.00 and set a “buy” rating for the company in a research note on Monday, February 14th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$68.36.

Shares of Wheaton Precious Metals stock opened at C$61.16 on Friday. The firm has a fifty day simple moving average of C$59.80 and a 200-day simple moving average of C$54.48. The company has a current ratio of 8.41, a quick ratio of 8.00 and a debt-to-equity ratio of 0.05. Wheaton Precious Metals has a 1-year low of C$45.76 and a 1-year high of C$65.45. The stock has a market capitalization of C$27.59 billion and a price-to-earnings ratio of 28.99.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Stockholders of record on Thursday, March 24th were issued a $0.19 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, March 23rd. This represents a $0.76 annualized dividend and a dividend yield of 1.24%. Wheaton Precious Metals’s dividend payout ratio is presently 27.03%.

In other Wheaton Precious Metals news, Director John Brough sold 955 shares of the stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of C$61.52, for a total transaction of C$58,751.60. Following the sale, the director now owns 1,500 shares of the company’s stock, valued at approximately C$92,280. Also, Senior Officer Randy Smallwood sold 35,000 shares of the stock in a transaction dated Wednesday, March 23rd. The stock was sold at an average price of C$60.68, for a total transaction of C$2,123,863.00. Following the sale, the insider now directly owns 284,200 shares in the company, valued at approximately C$17,245,767.56. In the last ninety days, insiders sold 135,751 shares of company stock worth $8,228,933.

Wheaton Precious Metals Company Profile (Get Rating)

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 23 operating mining assets and 10 development stage projects. The company was formerly known as Silver Wheaton Corp.

See Also

Earnings History and Estimates for Wheaton Precious Metals (TSE:WPM)

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