Equities analysts predict that Wheaton Precious Metals Corp (NYSE:WPM) will post $0.13 earnings per share for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Wheaton Precious Metals’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.11. Wheaton Precious Metals posted earnings per share of $0.16 in the same quarter last year, which suggests a negative year over year growth rate of 18.8%. The company is scheduled to issue its next quarterly earnings report on Tuesday, August 13th.
On average, analysts expect that Wheaton Precious Metals will report full-year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.69. For the next year, analysts expect that the company will post earnings of $0.69 per share, with EPS estimates ranging from $0.51 to $1.17. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $225.05 million for the quarter, compared to the consensus estimate of $202.80 million. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%.
WPM has been the topic of a number of recent analyst reports. TheStreet upgraded Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. Raymond James set a $28.00 target price on Wheaton Precious Metals and gave the company a “buy” rating in a research report on Thursday, March 21st. GMP Securities downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research report on Tuesday, April 23rd. Standpoint Research downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Barclays downgraded Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.14.
WPM stock traded down $0.10 during mid-day trading on Friday, reaching $19.79. 11,122 shares of the company’s stock were exchanged, compared to its average volume of 2,370,671. The company has a market capitalization of $8.81 billion, a P/E ratio of 41.17, a P/E/G ratio of 7.37 and a beta of -0.05. The company has a current ratio of 2.07, a quick ratio of 2.76 and a debt-to-equity ratio of 0.23. Wheaton Precious Metals has a 12-month low of $15.08 and a 12-month high of $25.24.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Friday, May 24th will be given a $0.09 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.36 annualized dividend and a dividend yield of 1.82%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 75.00%.
Institutional investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. lifted its position in Wheaton Precious Metals by 11.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,304,607 shares of the company’s stock worth $25,480,000 after buying an additional 132,834 shares in the last quarter. We Are One Seven LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter worth $165,000. Exane Derivatives increased its stake in Wheaton Precious Metals by 24.4% during the fourth quarter. Exane Derivatives now owns 77,883 shares of the company’s stock worth $1,521,000 after acquiring an additional 15,268 shares during the last quarter. Bank of Nova Scotia increased its stake in Wheaton Precious Metals by 13.3% during the fourth quarter. Bank of Nova Scotia now owns 1,726,728 shares of the company’s stock worth $33,723,000 after acquiring an additional 202,886 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Wheaton Precious Metals by 28.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 770,454 shares of the company’s stock worth $15,033,000 after acquiring an additional 172,496 shares during the last quarter. Hedge funds and other institutional investors own 56.35% of the company’s stock.
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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