Brokerages Anticipate Wheaton Precious Metals Corp (NYSE:WPM) Will Announce Earnings of $0.15 Per Share

Equities analysts predict that Wheaton Precious Metals Corp (NYSE:WPM) will announce earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $0.12 to $0.18. Wheaton Precious Metals reported earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 87.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 13th.

On average, analysts expect that Wheaton Precious Metals will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.59. For the next fiscal year, analysts anticipate 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 earnings per share averages are a mean average based on a survey of sell-side 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 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company 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%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS.

A number of brokerages have commented on WPM. ValuEngine cut Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Barclays upgraded shares of Wheaton Precious Metals from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $23.00 to $28.00 in a report on Tuesday, July 16th. They noted that the move was a valuation call. Credit Suisse Group lifted their target price on shares of Wheaton Precious Metals from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Wheaton Precious Metals in a research report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $31.78.

Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Wheaton Precious Metals by 39.2% in the second quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock valued at $43,000 after acquiring an additional 495 shares in the last quarter. Assetmark Inc. lifted its position in shares of Wheaton Precious Metals by 135.8% in the 2nd 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 period. NEXT Financial Group Inc lifted 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 purchasing an additional 908 shares during the period. Willingdon Wealth Management bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at about $61,000. Finally, Huntington National Bank boosted its stake in shares of Wheaton Precious Metals by 318.3% during the 2nd quarter. Huntington National Bank now owns 2,773 shares of the company’s stock valued at $67,000 after purchasing an additional 2,110 shares in the last quarter. 54.04% of the stock is currently owned by hedge funds and other institutional investors.

WPM traded up $0.14 on Friday, hitting $28.02. 1,791,994 shares of the company were exchanged, compared to its average volume of 3,100,369. The firm has a fifty day simple moving average of $27.79 and a two-hundred day simple moving average of $23.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.65 and a current ratio of 3.65. Wheaton Precious Metals has a 12 month low of $15.08 and a 12 month high of $30.90. The stock has a market capitalization of $12.41 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 10.50 and a beta of -0.03.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd were given a $0.09 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.29%. Wheaton Precious Metals’s dividend payout ratio is currently 75.00%.

About Wheaton Precious Metals

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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