Analysts predict that Wheaton Precious Metals Corp (NYSE:WPM) will announce earnings per share (EPS) of $0.13 for the current quarter, according to Zacks. Eleven analysts have made estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $0.11 to $0.16. Wheaton Precious Metals posted earnings per share of $0.16 in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.8%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 13th.
According to Zacks, analysts expect that Wheaton Precious Metals will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.48 to $0.69. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.69 per share, with EPS estimates ranging from $0.51 to $1.17. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. The business had revenue of $225.05 million for the quarter, compared to analysts’ expectations of $202.80 million. Wheaton Precious Metals had a net margin of 50.78% and a return on equity of 3.86%.
A number of equities analysts have recently issued reports on the stock. TheStreet raised shares of 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 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a research report on Thursday, March 21st. GMP Securities cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, April 23rd. Standpoint Research cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Barclays cut shares of 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. Wheaton Precious Metals has a consensus rating of “Hold” and a consensus price target of $31.14.
Several institutional investors and hedge funds have recently bought and sold shares of WPM. Legacy Bridge LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter worth about $54,000. Willingdon Wealth Management acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter worth about $61,000. Beutel Goodman & Co Ltd. acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter worth about $62,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter worth about $110,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Wheaton Precious Metals by 30.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 7,981 shares of the company’s stock worth $190,000 after acquiring an additional 1,849 shares during the last quarter. Institutional investors own 56.05% of the company’s stock.
WPM traded down $0.20 during trading on Friday, reaching $22.81. 102,086 shares of the stock traded hands, compared to its average volume of 1,941,521. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $10.36 billion, a P/E ratio of 47.33, a price-to-earnings-growth ratio of 8.42 and a beta of -0.04. Wheaton Precious Metals has a 12 month low of $15.08 and a 12 month high of $25.24.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 24th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.58%. Wheaton Precious Metals’s dividend payout ratio is presently 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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