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

Wheaton Precious Metals (NYSE:WPM) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. The firm had revenue of $313.47 million for the quarter, compared to the consensus estimate of $284.29 million. On average, analysts expect Wheaton Precious Metals to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $53.76 on Tuesday. The stock has a market capitalization of $24.37 billion, a price-to-earnings ratio of 45.18, a price-to-earnings-growth ratio of 7.13 and a beta of 0.75. The business has a 50-day moving average of $48.13 and a 200 day moving average of $46.95. Wheaton Precious Metals has a 12 month low of $38.37 and a 12 month high of $54.45.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a $0.155 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.62 annualized dividend and a dividend yield of 1.15%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 52.10%.

Analyst Ratings Changes

WPM has been the topic of a number of analyst reports. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Berenberg Bank lifted their price target on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. BMO Capital Markets dropped their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Scotiabank decreased their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 28th. Finally, TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.32.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.