Edison Inv. Res Comments on Wheaton Precious Metals Corp.’s Q2 2022 Earnings (TSE:WPM)

Wheaton Precious Metals Corp. (TSE:WPM – Get Rating) – Edison Inv. Res decreased their Q2 2022 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a report released on Thursday, May 5th. Edison Inv. Res analyst C. Gibson now anticipates that the company will post earnings per share of $0.48 for the quarter, down from their previous forecast of $0.50. Edison Inv. Res also issued estimates for Wheaton Precious Metals’ Q3 2022 earnings at $0.46 EPS, Q4 2022 earnings at $0.46 EPS, FY2022 earnings at $1.84 EPS, FY2023 earnings at $2.30 EPS and FY2024 earnings at $2.27 EPS.

WPM has been the topic of a number of other reports. National Bankshares lifted their price target on Wheaton Precious Metals from C$68.00 to C$75.00 in a research note on Wednesday, April 20th. Peel Hunt reduced their target price on Wheaton Precious Metals from C$77.00 to C$70.00 and set a “buy” rating on the stock in a research report on Monday, February 14th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Tuesday, February 8th. They issued a “buy” rating and a C$51.00 target price on the stock. Raymond James reduced their target price on Wheaton Precious Metals to C$70.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 8th. Finally, Canaccord Genuity Group lifted their target price on Wheaton Precious Metals from C$76.00 to C$81.00 in a research report on Friday, April 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$68.36.

Shares of TSE:WPM opened at C$56.89 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.41 and a quick ratio of 8.00. The business’s 50 day moving average price is C$60.48 and its 200-day moving average price is C$55.29. The firm has a market capitalization of C$25.66 billion and a PE ratio of 26.70. Wheaton Precious Metals has a 1 year low of C$45.76 and a 1 year high of C$65.45.

Wheaton Precious Metals (TSE:WPM – Get Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.02). The firm had revenue of C$350.74 million during the quarter, compared to analysts’ expectations of C$361.35 million.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Thursday, March 24th were issued a dividend of $0.19 per share. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, March 23rd. This represents a $0.76 annualized dividend and a yield of 1.34%. Wheaton Precious Metals’s dividend payout ratio is 26.75%.

In other Wheaton Precious Metals news, Director Douglas Martin Holtby sold 4,821 shares of the company’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of C$59.13, for a total transaction of C$285,077.30. Following the sale, the director now owns 43,157 shares in the company, valued at approximately C$2,551,976.99. Also, Director John Brough sold 2,250 shares of the company’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of C$61.35, for a total value of C$138,043.58. In the last 90 days, insiders have sold 135,751 shares of company stock worth $8,228,933.

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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