$216.49 Million in Sales Expected for Wheaton Precious Metals Corp (NYSE:WPM) This Quarter

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.

A number of research analysts have issued reports on the stock. Barclays upgraded shares of Wheaton Precious Metals from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a research report on Tuesday, July 16th. They noted that the move was a valuation call. ValuEngine cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank set a $27.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a research report on Thursday, July 11th. Canaccord Genuity reiterated a “buy” rating on shares of Wheaton Precious Metals in a research report on Friday, July 19th. Finally, TheStreet cut shares of Wheaton Precious Metals from a “b” rating to a “c+” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Wheaton Precious Metals has a consensus rating of “Buy” and a consensus price target of $31.78.

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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Earnings History and Estimates for Wheaton Precious Metals (NYSE:WPM)

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