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

Wheaton Precious Metals (TSE:WPM) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Wheaton Precious Metals to post earnings of C$0.51 per share for the quarter.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.39 by C$0.06. The business had revenue of C$409.19 million during the quarter, compared to the consensus estimate of C$400.03 million. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at C$90.77 on Wednesday. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$94.84. The stock has a 50 day moving average price of C$85.43 and a two-hundred day moving average price of C$79.69. The firm has a market capitalization of C$41.18 billion, a P/E ratio of 52.47 and a beta of 0.70.

Analyst Ratings Changes

A number of equities research analysts recently commented on WPM shares. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Eight Capital raised their price target on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Canaccord Genuity Group upped their price objective on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus increased their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. Finally, Peel Hunt boosted their target price on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$97.67.

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.