Wheaton Precious Metals Corp. (NYSE:WPM) Expected to Announce Earnings of $0.34 Per Share

Equities analysts expect that Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) will announce earnings per share of $0.34 for the current quarter, Zacks reports. Nine analysts have issued estimates for Wheaton Precious Metals’ earnings. The highest EPS estimate is $0.41 and the lowest is $0.27. Wheaton Precious Metals reported earnings of $0.36 per share in the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The firm is expected to announce its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Wheaton Precious Metals will report full year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.14 to $1.61. For the next year, analysts forecast that the business will report earnings of $1.48 per share, with EPS estimates ranging from $1.08 to $2.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPMGet Rating) last released its quarterly earnings data on Thursday, March 10th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The company had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $287.99 million. Wheaton Precious Metals had a net margin of 62.82% and a return on equity of 9.86%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS.

WPM has been the subject of several research analyst reports. StockNews.com started coverage on Wheaton Precious Metals in a report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James set a $56.00 price objective on Wheaton Precious Metals and gave the stock an “outperform” rating in a research note on Friday, March 11th. Finally, KeyCorp dropped their price objective on Wheaton Precious Metals from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, December 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $53.40.

Several large investors have recently bought and sold shares of the stock. Huntington National Bank increased its holdings in shares of Wheaton Precious Metals by 40.1% in the fourth quarter. Huntington National Bank now owns 873 shares of the company’s stock valued at $37,000 after purchasing an additional 250 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Wheaton Precious Metals by 9.4% during the fourth quarter. Quadrant Capital Group LLC now owns 3,598 shares of the company’s stock worth $154,000 after acquiring an additional 310 shares during the last quarter. GWM Advisors LLC increased its stake in Wheaton Precious Metals by 5.1% during the third quarter. GWM Advisors LLC now owns 6,770 shares of the company’s stock worth $254,000 after acquiring an additional 330 shares during the last quarter. PCJ Investment Counsel Ltd. increased its stake in Wheaton Precious Metals by 2.2% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 15,000 shares of the company’s stock worth $644,000 after acquiring an additional 330 shares during the last quarter. Finally, Rational Advisors LLC increased its stake in Wheaton Precious Metals by 136.2% during the fourth quarter. Rational Advisors LLC now owns 574 shares of the company’s stock worth $25,000 after acquiring an additional 331 shares during the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.

WPM traded up $0.03 during trading on Friday, reaching $51.29. The stock had a trading volume of 1,989,139 shares, compared to its average volume of 2,283,659. The stock’s 50 day moving average is $46.56 and its two-hundred day moving average is $42.84. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 7.25 and a beta of 0.48. Wheaton Precious Metals has a one year low of $36.39 and a one year high of $51.85.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Stockholders of record on Thursday, March 24th were given a $0.15 dividend. The ex-dividend date was Wednesday, March 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 35.71%.

Wheaton Precious Metals Company Profile (Get Rating)

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 23 operating mining assets and 10 development stage projects. The company was formerly known as Silver Wheaton Corp.

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