Wheaton Precious Metals (TSE:WPM) Posts Quarterly Earnings Results

Wheaton Precious Metals (TSE:WPM) announced its earnings results on Thursday. The company reported C$1.78 EPS for the quarter, FiscalAI reports. The company had revenue of C$1.25 billion for the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%.

Wheaton Precious Metals Stock Down 2.1%

TSE:WPM traded down C$3.80 on Thursday, hitting C$179.63. The stock had a trading volume of 914,681 shares, compared to its average volume of 815,019. The business’s fifty day moving average is C$191.50 and its 200 day moving average is C$174.65. The company has a market cap of C$81.56 billion, a PE ratio of 55.49 and a beta of 1.38. Wheaton Precious Metals has a 52 week low of C$105.36 and a 52 week high of C$226.68.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Canaccord Genuity Group increased their price target on Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th. BMO Capital Markets increased their price target on Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. National Bank Financial increased their price target on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. UBS Group upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Finally, Stifel Nicolaus increased their price target on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Buy” and an average price target of C$205.63.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.