Wheaton Precious Metals Corp (WPM) Expected to Announce Quarterly Sales of $208.27 Million

Wall Street analysts expect that Wheaton Precious Metals Corp (NYSE:WPM) will announce $208.27 million in sales for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Wheaton Precious Metals’ earnings. The highest sales estimate is $221.59 million and the lowest is $192.84 million. Wheaton Precious Metals reported sales of $212.40 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The business is expected to announce its next quarterly earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that Wheaton Precious Metals will report full year sales of $850.61 million for the current financial year, with estimates ranging from $797.00 million to $918.49 million. For the next financial year, analysts expect that the company will report sales of $925.34 million, with estimates ranging from $786.00 million to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Wheaton Precious Metals.

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

A number of research analysts have weighed in on the company. GMP Securities downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a report on Tuesday, April 23rd. Deutsche Bank reiterated a “buy” rating and set a $26.00 target price (up previously from $25.00) on shares of Wheaton Precious Metals in a report on Wednesday, April 10th. Barclays downgraded Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 9th. Standpoint Research downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, TD Securities upped their target price on Wheaton Precious Metals from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.14.

Shares of WPM stock traded up $0.20 during midday trading on Friday, reaching $20.30. 1,490,183 shares of the stock were exchanged, compared to its average volume of 2,324,982. Wheaton Precious Metals has a 1 year low of $15.08 and a 1 year high of $25.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 7.37 and a beta of -0.05.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.77%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 75.00%.

Institutional investors have recently bought and sold shares of the stock. Legacy Bridge LLC purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $54,000. Willingdon Wealth Management purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $61,000. Beutel Goodman & Co Ltd. purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $62,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $110,000. Finally, Midas Management Corp purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $117,000. Institutional investors own 55.56% of the company’s stock.

About Wheaton Precious Metals

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.

Featured Story: Hedge Funds

Get a free copy of the Zacks research report on Wheaton Precious Metals (WPM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wheaton Precious Metals (NYSE: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.