Wheaton Precious Metals (TSE:WPM) Rating Increased to Strong-Buy at National Bank Financial

Wheaton Precious Metals (TSE:WPM) was upgraded by investment analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks.com reports. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.56 EPS and FY2024 earnings at $1.99 EPS.

WPM has been the subject of a number of other research reports. Canaccord Genuity Group boosted their target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Peel Hunt boosted their price target on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$90.00 to C$105.00 in a report on Thursday. Finally, Eight Capital boosted their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus price target of C$94.00.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at C$83.78 on Wednesday. The firm has a fifty day moving average price of C$81.90 and a 200 day moving average price of C$76.94. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$87.37. The stock has a market cap of C$38.01 billion, a PE ratio of 48.99 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.39 by C$0.06. The company had revenue of C$409.19 million during the quarter, compared to analysts’ expectations of C$400.03 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. As a group, equities analysts expect that Wheaton Precious Metals will post 2.412993 EPS for the current year.

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.