Equities analysts predict that Wheaton Precious Metals Corp (NYSE:WPM) will announce sales of $216.49 million for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $193.30 million to $240.32 million. Wheaton Precious Metals posted sales of $185.77 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.5%. The company is expected to issue its next earnings report on Wednesday, November 13th.
On average, analysts expect that Wheaton Precious Metals will report full-year sales of $859.31 million for the current financial year, with estimates ranging from $817.60 million to $915.69 million. For the next financial year, analysts expect that the business will report sales of $954.84 million, with estimates ranging from $828.00 million to $1.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Wheaton Precious Metals had a positive return on equity of 3.35% and a negative net margin of 3.33%. The firm had revenue of $189.47 million during the quarter, compared to analyst estimates of $194.90 million. During the same period last year, the company posted $0.16 EPS. The firm’s quarterly revenue was down 10.8% on a year-over-year basis.
NYSE WPM traded up $1.55 during trading on Friday, hitting $28.59. The company had a trading volume of 292,466 shares, compared to its average volume of 3,178,190. 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 one year low of $15.08 and a one year high of $28.19. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 59.75, a price-to-earnings-growth ratio of 10.02 and a beta of -0.01. The company’s fifty day moving average is $26.10 and its 200-day moving average is $23.20.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 23rd will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, August 22nd. Wheaton Precious Metals’s dividend payout ratio is 75.00%.
A number of hedge funds have recently made changes to their positions in WPM. Signaturefd LLC lifted its holdings in shares of Wheaton Precious Metals by 39.2% in the 2nd quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock worth $43,000 after acquiring an additional 495 shares during the last quarter. Bank of Nova Scotia Trust Co. grew its position in shares of Wheaton Precious Metals by 4.7% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 13,543 shares of the company’s stock worth $327,000 after buying an additional 605 shares during the period. NEXT Financial Group Inc grew its position in shares of Wheaton Precious Metals by 67.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,263 shares of the company’s stock worth $55,000 after buying an additional 908 shares during the period. Compagnie Lombard Odier SCmA grew its position in shares of Wheaton Precious Metals by 32.1% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 4,096 shares of the company’s stock worth $99,000 after buying an additional 996 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Wheaton Precious Metals by 17.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,244 shares of the company’s stock worth $175,000 after buying an additional 1,099 shares during the period. 53.56% of the stock is currently owned by institutional investors and hedge funds.
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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