Analysts Offer Predictions for Wheaton Precious Metals Corp.’s Q1 2022 Earnings (NYSE:WPM)

Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) – Research analysts at Edison Inv. Res cut their Q1 2022 earnings per share estimates for Wheaton Precious Metals in a research report issued to clients and investors on Thursday, May 5th. Edison Inv. Res analyst C. Gibson now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.36. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ FY2023 earnings at $1.79 EPS and FY2024 earnings at $1.77 EPS.

Wheaton Precious Metals (NYSE:WPMGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $307.24 million for the quarter, compared to analyst estimates of $313.27 million. Wheaton Precious Metals had a net margin of 62.82% and a return on equity of 9.86%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS.

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

WPM opened at $44.29 on Friday. The firm has a market cap of $19.99 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 6.09 and a beta of 0.50. Wheaton Precious Metals has a fifty-two week low of $36.39 and a fifty-two week high of $51.90. The company’s 50-day moving average price is $47.78 and its 200 day moving average price is $43.65.

Several institutional investors have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in Wheaton Precious Metals by 16.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 73,732 shares of the company’s stock worth $2,771,000 after purchasing an additional 10,385 shares during the last quarter. Comerica Bank raised its position in Wheaton Precious Metals by 30.5% during the third quarter. Comerica Bank now owns 32,852 shares of the company’s stock worth $1,387,000 after acquiring an additional 7,670 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Wheaton Precious Metals by 12.8% during the third quarter. Rockefeller Capital Management L.P. now owns 72,392 shares of the company’s stock worth $2,720,000 after acquiring an additional 8,202 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Wheaton Precious Metals during the fourth quarter worth $237,000. Finally, Two Sigma Advisers LP raised its position in Wheaton Precious Metals by 123.7% during the third quarter. Two Sigma Advisers LP now owns 367,404 shares of the company’s stock worth $13,807,000 after acquiring an additional 203,200 shares in the last quarter. Institutional investors own 67.90% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Stockholders of record on Thursday, March 24th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, March 23rd. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 35.71%.

Wheaton Precious Metals Company Profile (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 and Estimates for Wheaton Precious Metals (NYSE:WPM)

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