Wheaton Precious Metals Corp (NYSE:WPM) Expected to Post Earnings of $0.13 Per Share

Wall Street analysts expect Wheaton Precious Metals Corp (NYSE:WPM) to post $0.13 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Wheaton Precious Metals’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.16. Wheaton Precious Metals reported earnings per share of $0.16 during the same quarter last year, which suggests a negative year over year growth rate of 18.8%. The firm is scheduled to report its next 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 financial year, analysts anticipate that the business will post earnings of $0.69 per share, with EPS estimates ranging from $0.51 to $1.17. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for 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 the Zacks’ consensus estimate of $0.13. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%. The business had revenue of $225.05 million for the quarter, compared to the consensus estimate of $202.80 million.

WPM has been the topic of a number of analyst reports. TheStreet upgraded Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Thursday, February 21st. TD Securities lifted their price target on Wheaton Precious Metals from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Raymond James set a $28.00 price target on Wheaton Precious Metals and gave the company a “buy” rating in a report on Thursday, March 21st. 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 report on Wednesday, April 10th. Finally, Barclays downgraded Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Wheaton Precious Metals has an average rating of “Hold” and an average price target of $31.14.

A number of hedge funds have recently made changes to their positions in WPM. Van ECK Associates Corp grew its stake in Wheaton Precious Metals by 19.4% during the 4th quarter. Van ECK Associates Corp now owns 28,282,002 shares of the company’s stock worth $552,348,000 after buying an additional 4,586,258 shares during the last quarter. Norges Bank purchased a new position in Wheaton Precious Metals during the 4th quarter worth $82,689,000. Ruffer LLP grew its stake in Wheaton Precious Metals by 46.5% during the 4th quarter. Ruffer LLP now owns 9,893,919 shares of the company’s stock worth $161,701,000 after buying an additional 3,139,032 shares during the last quarter. FIL Ltd grew its stake in Wheaton Precious Metals by 67.0% during the 1st quarter. FIL Ltd now owns 7,726,743 shares of the company’s stock worth $183,924,000 after buying an additional 3,100,285 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Wheaton Precious Metals by 90.5% during the 4th quarter. Deutsche Bank AG now owns 5,539,961 shares of the company’s stock worth $108,189,000 after buying an additional 2,632,252 shares during the last quarter. Hedge funds and other institutional investors own 56.05% of the company’s stock.

Shares of NYSE:WPM opened at $22.91 on Friday. 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 $10.21 billion, a PE ratio of 47.73, a P/E/G ratio of 8.41 and a beta of -0.04. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.23.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 24th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.36 annualized dividend and a yield of 1.57%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 75.00%.

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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