Wheaton Precious Metals Corp (WPM) Expected to Announce Quarterly Sales of $190.25 Million

Analysts expect Wheaton Precious Metals Corp (NYSE:WPM) to announce $190.25 million in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Wheaton Precious Metals’ earnings, with the highest sales estimate coming in at $218.18 million and the lowest estimate coming in at $163.02 million. Wheaton Precious Metals posted sales of $242.55 million during the same quarter last year, which would indicate a negative year over year growth rate of 21.6%. The business is expected to report its next quarterly earnings results on Wednesday, March 20th.

According to Zacks, analysts expect that Wheaton Precious Metals will report full year sales of $785.22 million for the current fiscal year, with estimates ranging from $728.74 million to $812.50 million. For the next year, analysts forecast that the company will post sales of $860.24 million, with estimates ranging from $734.30 million to $1.01 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Wednesday, November 14th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $185.77 million for the quarter, compared to analyst estimates of $191.11 million. Wheaton Precious Metals had a return on equity of 5.80% and a net margin of 36.76%. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 EPS.



A number of brokerages have recently issued reports on WPM. Deutsche Bank set a $25.00 price target on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Royal Bank of Canada set a $26.00 price target on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Monday, July 23rd. ValuEngine downgraded shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 27th. Finally, Raymond James raised their price target on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, September 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $25.60.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marietta Investment Partners LLC acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at approximately $210,000. Greenleaf Trust acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at approximately $210,000. MAI Capital Management acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at approximately $214,000. Edgestream Partners L.P. acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at approximately $228,000. Finally, Argent Trust Co acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at approximately $325,000. Institutional investors and hedge funds own 53.18% of the company’s stock.

Shares of NYSE WPM opened at $15.41 on Friday. The company has a market cap of $7.02 billion, a PE ratio of 24.46, a PEG ratio of 6.11 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.76 and a quick ratio of 4.76. Wheaton Precious Metals has a 1 year low of $15.08 and a 1 year high of $22.86.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Earnings History and Estimates for Wheaton Precious Metals (NYSE:WPM)

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