Wheaton Precious Metals (WPM) Set to Announce Quarterly Earnings on Thursday

Wheaton Precious Metals (NYSE:WPMGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

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 the consensus estimate of $0.30 by ($0.01). Wheaton Precious Metals had a net margin of 62.82% and a return on equity of 9.86%. The company had revenue of $278.20 million during the quarter, compared to the consensus estimate of $287.99 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts expect Wheaton Precious Metals to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WPM stock opened at $45.04 on Thursday. Wheaton Precious Metals has a 1-year low of $36.39 and a 1-year high of $51.90. The firm has a market cap of $20.33 billion, a P/E ratio of 26.81, a P/E/G ratio of 6.83 and a beta of 0.48. The business’s 50 day moving average is $47.59 and its 200-day moving average is $43.44.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, March 24th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.33%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 35.71%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Wheaton Precious Metals by 84.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,596 shares of the company’s stock worth $112,000 after purchasing an additional 1,191 shares in the last quarter. LPL Financial LLC raised its stake in shares of Wheaton Precious Metals by 2.0% during the 4th quarter. LPL Financial LLC now owns 81,989 shares of the company’s stock worth $3,520,000 after purchasing an additional 1,596 shares in the last quarter. Vident Investment Advisory LLC raised its stake in shares of Wheaton Precious Metals by 24.4% during the 4th quarter. Vident Investment Advisory LLC now owns 10,839 shares of the company’s stock worth $466,000 after purchasing an additional 2,125 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $100,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Wheaton Precious Metals by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 475,287 shares of the company’s stock worth $17,862,000 after purchasing an additional 2,415 shares in the last quarter. Hedge funds and other institutional investors own 68.35% of the company’s stock.

A number of research analysts have commented on the company. KeyCorp increased their price objective on Wheaton Precious Metals from $46.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, April 19th. Barclays increased their price objective on Wheaton Precious Metals from $45.00 to $49.00 in a research report on Thursday, April 21st. Raymond James set a $56.00 price objective on Wheaton Precious Metals and gave the company an “outperform” rating in a research report on Friday, March 11th. StockNews.com assumed coverage on Wheaton Precious Metals in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, National Bank Financial increased their price objective on Wheaton Precious Metals from C$68.00 to C$75.00 in a research report on Wednesday, April 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $57.29.

About Wheaton Precious Metals (Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

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Earnings History for Wheaton Precious Metals (NYSE:WPM)

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