Zacks: Analysts Expect Wheaton Precious Metals Corp (NYSE:WPM) to Post $0.13 Earnings Per Share

Equities analysts forecast that Wheaton Precious Metals Corp (NYSE:WPM) will announce earnings of $0.13 per share for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Wheaton Precious Metals’ earnings. The lowest EPS estimate is $0.11 and the highest is $0.16. Wheaton Precious Metals reported earnings of $0.16 per share in the same quarter last year, which indicates a negative year over year growth rate of 18.8%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that Wheaton Precious Metals will report full-year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.69. For the next year, analysts anticipate that the company will post earnings of $0.69 per share, with EPS estimates ranging from $0.51 to $1.17. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. Wheaton Precious Metals had a net margin of 50.78% and a return on equity of 3.86%. The firm had revenue of $225.05 million for the quarter, compared to analyst estimates of $202.80 million.

Several equities analysts have commented on WPM shares. Zacks Investment Research lowered shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research note on Saturday. GMP Securities lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research note on Tuesday, April 23rd. Deutsche Bank reiterated a “buy” rating and issued a $26.00 price target (up from $25.00) on shares of Wheaton Precious Metals in a research note on Wednesday, April 10th. Barclays lowered shares of Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Standpoint Research lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.14.

Shares of WPM stock traded down $0.02 during trading hours on Friday, reaching $22.99. 1,806,448 shares of the stock were exchanged, compared to its average volume of 1,884,542. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.07 and a current ratio of 2.07. Wheaton Precious Metals has a 12-month low of $15.08 and a 12-month high of $25.24. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 8.44 and a beta of -0.04.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 24th were paid a $0.09 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.36 annualized dividend and a yield of 1.57%. Wheaton Precious Metals’s dividend payout ratio is currently 75.00%.

A number of institutional investors have recently made changes to their positions in WPM. Gamco Investors INC. ET AL boosted its holdings in shares of Wheaton Precious Metals by 26.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 39,955 shares of the company’s stock valued at $780,000 after acquiring an additional 8,315 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Wheaton Precious Metals by 49.8% in the fourth quarter. SG Americas Securities LLC now owns 48,716 shares of the company’s stock valued at $951,000 after acquiring an additional 16,187 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Wheaton Precious Metals by 20.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,909 shares of the company’s stock valued at $447,000 after acquiring an additional 3,862 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $12,897,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Wheaton Precious Metals by 6.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 12,809 shares of the company’s stock valued at $250,000 after acquiring an additional 809 shares during the period. Institutional investors own 56.05% of the company’s stock.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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

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