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

Wheaton Precious Metals (NYSE:WPM) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Wheaton Precious Metals to post earnings of $0.31 per share for the quarter. Individual that are interested in participating in 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 analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $313.47 million during the quarter, compared to analyst estimates of $284.29 million. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. 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 Trading Up 0.1 %

Shares of NYSE:WPM opened at $53.84 on Wednesday. Wheaton Precious Metals has a 12-month low of $38.37 and a 12-month high of $54.45. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 7.13 and a beta of 0.75. The stock has a fifty day simple moving average of $48.42 and a two-hundred day simple moving average of $47.02.

Wheaton Precious Metals Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on WPM shares. BMO Capital Markets reduced their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. CIBC raised their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $53.00 in a report on Monday, March 18th. National Bank Financial downgraded Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Finally, Scotiabank decreased their price target on Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.32.

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.