Equities research analysts forecast that Wheaton Precious Metals Corp (NYSE:WPM) will announce earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Wheaton Precious Metals’ earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.19. Wheaton Precious Metals posted earnings per share of $0.10 during the same quarter last year, which would indicate a positive year-over-year growth rate of 110%. The company is scheduled to issue its next earnings report on Thursday, August 13th.
On average, analysts expect that Wheaton Precious Metals will report full-year earnings of $0.91 per share for the current financial year, with EPS estimates ranging from $0.80 to $1.06. For the next financial year, analysts forecast that the company will post earnings of $1.07 per share, with EPS estimates ranging from $0.75 to $1.44. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Wheaton Precious Metals had a net margin of 13.88% and a return on equity of 5.59%. The business had revenue of $254.79 million for the quarter, compared to analyst estimates of $250.67 million.
Several equities research analysts have recently weighed in on WPM shares. Credit Suisse Group reaffirmed a “hold” rating and issued a $46.00 target price on shares of Wheaton Precious Metals in a report on Thursday, May 7th. Canaccord Genuity reissued a “buy” rating and set a $55.00 price objective on shares of Wheaton Precious Metals in a report on Thursday, May 7th. Royal Bank of Canada lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $31.00 to $35.00 in a report on Friday, May 15th. Deutsche Bank increased their price objective on shares of Wheaton Precious Metals from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Finally, Raymond James set a $45.00 price objective on shares of Wheaton Precious Metals and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $40.80.
WPM opened at $44.05 on Wednesday. The firm’s 50-day simple moving average is $41.94 and its 200-day simple moving average is $33.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.48 and a current ratio of 1.48. Wheaton Precious Metals has a twelve month low of $18.66 and a twelve month high of $47.15. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 163.15, a PEG ratio of 9.27 and a beta of 0.52.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, May 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 71.43%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $6,633,000. Atlas Private Wealth Management acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $36,000. Ancora Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. Bessemer Group Inc. acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at approximately $40,000. Finally, PSI Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $43,000. 58.51% of the stock is currently owned by institutional investors.
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.
Featured Story: Cost of Debt
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.