Wheaton Precious Metals (WPM) to Release Quarterly Earnings on Thursday

Wheaton Precious Metals (NYSE:WPM) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Persons that wish to listen to the company’s earnings 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 for the quarter, beating the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The company had revenue of $313.47 million during the quarter, compared to analyst estimates 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

NYSE WPM opened at $53.84 on Wednesday. The company has a market capitalization of $24.41 billion, a P/E ratio of 45.24, a PEG ratio of 7.13 and a beta of 0.75. Wheaton Precious Metals has a 12 month low of $38.37 and a 12 month high of $54.45. The company’s 50 day simple moving average is $48.42 and its 200 day simple moving average is $47.02.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were given a dividend of $0.155 per share. The ex-dividend date was Tuesday, April 2nd. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.15%. Wheaton Precious Metals’s payout ratio is 52.10%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WPM. Raymond James decreased their target price on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. TD Securities raised Wheaton Precious Metals from a “hold” rating to a “buy” rating and lifted their target price for the company from $51.00 to $53.00 in a research note on Monday, March 18th. Berenberg Bank increased 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 report on Wednesday, March 27th. BMO Capital Markets decreased their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Finally, Scotiabank dropped their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals presently has a consensus 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.