Wall Street brokerages expect that Wheaton Precious Metals Corp (NYSE:WPM) will post earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $0.12 to $0.18. Wheaton Precious Metals posted earnings of $0.08 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 87.5%. The business is expected to issue its next quarterly earnings results on Wednesday, November 13th.
According to Zacks, analysts expect that Wheaton Precious Metals will report full year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.59. For the next year, analysts anticipate that the business will report earnings of $0.74 per share, with EPS estimates ranging from $0.54 to $1.20. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Wheaton Precious Metals had a negative net margin of 3.33% and a positive return on equity of 3.35%. The business had revenue of $189.47 million during the quarter, compared to analyst estimates of $194.90 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis.
WPM has been the subject of a number of analyst reports. Deutsche Bank set a $27.00 target price on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Thursday, July 11th. GMP Securities downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 5th. TheStreet downgraded Wheaton Precious Metals from a “b” rating to a “c+” rating in a research report on Friday, August 9th. Finally, Raymond James reiterated an “outperform” rating and set a $29.00 price objective on shares of Wheaton Precious Metals in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.78.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Intact Investment Management Inc. grew its position in Wheaton Precious Metals by 37.2% during the second quarter. Intact Investment Management Inc. now owns 817,100 shares of the company’s stock valued at $25,780,000 after buying an additional 221,600 shares during the period. Russell Investments Group Ltd. boosted its position in Wheaton Precious Metals by 7.6% during the second quarter. Russell Investments Group Ltd. now owns 1,456,041 shares of the company’s stock worth $35,187,000 after purchasing an additional 103,362 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in Wheaton Precious Metals by 11.5% during the first quarter. Koshinski Asset Management Inc. now owns 13,603 shares of the company’s stock worth $324,000 after purchasing an additional 1,400 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Wheaton Precious Metals by 15.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,694 shares of the company’s stock worth $1,088,000 after purchasing an additional 5,949 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $258,000. Hedge funds and other institutional investors own 54.04% of the company’s stock.
Shares of Wheaton Precious Metals stock traded up $0.14 on Friday, reaching $28.02. The stock had a trading volume of 1,791,994 shares, compared to its average volume of 3,100,369. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $12.41 billion, a P/E ratio of 58.36, a P/E/G ratio of 10.50 and a beta of -0.03. The company has a 50 day moving average price of $27.79 and a 200 day moving average price of $23.96. Wheaton Precious Metals has a 1 year low of $15.08 and a 1 year high of $30.90.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.29%. Wheaton Precious Metals’s payout ratio is 75.00%.
About Wheaton Precious Metals
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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