Brokerages forecast that Wheaton Precious Metals Corp (NYSE:WPM) will post earnings of $0.15 per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Wheaton Precious Metals’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $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 firm is scheduled to report its next earnings report 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 year, with EPS estimates ranging from $0.47 to $0.59. For the next year, analysts forecast that the firm will report earnings of $0.74 per share, with EPS estimates ranging from $0.54 to $1.20. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $189.47 million for the quarter, compared to analyst estimates of $194.90 million. Wheaton Precious Metals had a negative net margin of 3.33% and a positive return on equity of 3.35%. Wheaton Precious Metals’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share.
Several equities analysts have recently weighed in on the stock. GMP Securities lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. ValuEngine lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Canaccord Genuity reiterated a “buy” rating on shares of Wheaton Precious Metals in a report on Friday, July 19th. Finally, Deutsche Bank set a $27.00 price objective on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Wheaton Precious Metals presently has a consensus rating of “Buy” and an average price target of $31.78.
Several hedge funds and other institutional investors have recently made changes to their positions in WPM. Signaturefd LLC increased its position in shares of Wheaton Precious Metals by 39.2% during the second quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock worth $43,000 after acquiring an additional 495 shares in the last quarter. Assetmark Inc. raised its stake in shares of Wheaton Precious Metals by 135.8% during the second quarter. Assetmark Inc. now owns 2,014 shares of the company’s stock worth $49,000 after purchasing an additional 1,160 shares during the last quarter. Legacy Bridge LLC acquired a new position in Wheaton Precious Metals during the first quarter worth $54,000. NEXT Financial Group Inc grew its holdings in Wheaton Precious Metals by 67.0% during the second quarter. NEXT Financial Group Inc now owns 2,263 shares of the company’s stock worth $55,000 after acquiring an additional 908 shares during the period. Finally, Willingdon Wealth Management acquired a new position in Wheaton Precious Metals during the first quarter worth $61,000. Hedge funds and other institutional investors own 53.56% of the company’s stock.
WPM stock traded up $1.55 during midday trading on Friday, hitting $28.59. The stock had a trading volume of 292,466 shares, compared to its average volume of 3,178,190. The firm has a market cap of $12.30 billion, a P/E ratio of 59.75, a price-to-earnings-growth ratio of 10.02 and a beta of -0.01. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.22. Wheaton Precious Metals has a 1-year low of $15.08 and a 1-year high of $28.19. The business has a fifty day moving average price of $26.10 and a two-hundred day moving average price of $23.20.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.36 annualized dividend and a dividend yield of 1.26%. Wheaton Precious Metals’s dividend payout ratio is currently 75.00%.
Wheaton Precious Metals Company Profile
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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