Zacks: Brokerages Anticipate Wheaton Precious Metals Corp (NYSE:WPM) Will Post Earnings of $0.21 Per Share

Equities research analysts expect Wheaton Precious Metals Corp (NYSE:WPM) to announce earnings per share of $0.21 for the current quarter, Zacks reports. Nine analysts have made estimates for Wheaton Precious Metals’ earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.19. Wheaton Precious Metals reported earnings per share of $0.10 in the same quarter last year, which would indicate a positive year-over-year growth rate of 110%. The business is expected to announce its next earnings results on Thursday, August 13th.

On average, analysts expect that Wheaton Precious Metals will report full year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $1.06. For the next financial year, analysts forecast that the business will report earnings of $1.07 per share, with EPS estimates ranging from $0.75 to $1.44. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $254.79 million for the quarter, compared to the consensus estimate of $250.67 million. Wheaton Precious Metals had a return on equity of 5.59% and a net margin of 13.88%.

A number of brokerages have recently issued reports on WPM. Credit Suisse Group reaffirmed a “hold” rating and set a $46.00 price target on shares of Wheaton Precious Metals in a report on Thursday, May 7th. Canaccord Genuity reissued a “buy” rating and issued a $55.00 target price on shares of Wheaton Precious Metals in a report on Thursday, May 7th. TD Securities increased their target price on Wheaton Precious Metals from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, May 8th. Deutsche Bank increased their target price on Wheaton Precious Metals from $42.00 to $44.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Finally, Raymond James set a $45.00 target price on Wheaton Precious Metals and gave the company an “outperform” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Wheaton Precious Metals presently has an average rating of “Hold” and a consensus target price of $40.80.

Shares of NYSE:WPM opened at $44.05 on Wednesday. The company has a market cap of $18.93 billion, a P/E ratio of 163.15, a PEG ratio of 9.27 and a beta of 0.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.48 and a quick ratio of 1.48. Wheaton Precious Metals has a 1 year low of $18.66 and a 1 year high of $47.15. The stock’s fifty day moving average price is $41.94 and its 200-day moving average price is $33.42.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, May 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 71.43%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC grew its position in shares of Wheaton Precious Metals by 25.8% during the fourth quarter. Guggenheim Capital LLC now owns 219,574 shares of the company’s stock worth $6,533,000 after purchasing an additional 45,096 shares in the last quarter. Capital International Investors purchased a new stake in shares of Wheaton Precious Metals during the first quarter worth about $24,300,000. Northwestern Mutual Wealth Management Co. grew its holdings in Wheaton Precious Metals by 5,155.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,306 shares of the company’s stock valued at $174,000 after buying an additional 6,186 shares in the last quarter. M&T Bank Corp grew its holdings in Wheaton Precious Metals by 4.8% during the 1st quarter. M&T Bank Corp now owns 12,373 shares of the company’s stock valued at $340,000 after buying an additional 567 shares in the last quarter. Finally, Alberta Investment Management Corp grew its holdings in Wheaton Precious Metals by 2.0% during the 4th quarter. Alberta Investment Management Corp now owns 1,049,875 shares of the company’s stock valued at $31,284,000 after buying an additional 20,900 shares in the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

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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