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

Wheaton Precious Metals (NYSE:WPM) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Wheaton Precious Metals to post earnings of $0.37 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The business had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. During the same period last year, the company posted $0.31 EPS. The company’s revenue was up 12.9% on a year-over-year basis. On average, analysts expect Wheaton Precious Metals to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $65.59 on Wednesday. The business’s fifty day moving average price is $62.58 and its two-hundred day moving average price is $58.32. The stock has a market cap of $29.75 billion, a PE ratio of 52.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.77. Wheaton Precious Metals has a one year low of $38.57 and a one year high of $68.64.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. CIBC lifted their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.25.

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.