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

Wheaton Precious Metals Corp. (TSE:WPMGet 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:WPMGet 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.

Read More

Earnings History and Estimates for Wheaton Precious Metals (TSE:WPM)

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.