Wheaton Precious Metals (NYSE:WPM) Posts Earnings Results, Misses Expectations By $0.01 EPS

Wheaton Precious Metals (NYSE:WPM) issued its earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01), Briefing.com reports. The company had revenue of $380.52 million for the quarter, compared to analysts’ expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share.

Wheaton Precious Metals Stock Performance

NYSE WPM traded up $1.81 during trading hours on Thursday, reaching $72.98. The stock had a trading volume of 2,440,900 shares, compared to its average volume of 1,548,970. The stock has a fifty day moving average of $64.10 and a 200 day moving average of $62.53. The stock has a market cap of $33.11 billion, a P/E ratio of 54.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a 52-week low of $43.18 and a 52-week high of $73.77.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $71.67.

About Wheaton Precious Metals

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.