$216.49 Million in Sales Expected for Wheaton Precious Metals Corp (NYSE:WPM) This Quarter

Analysts predict that Wheaton Precious Metals Corp (NYSE:WPM) will post $216.49 million in sales for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $193.30 million to $240.32 million. Wheaton Precious Metals posted sales of $185.77 million in the same quarter last year, which suggests a positive year over year growth rate of 16.5%. The firm is expected to report its next quarterly earnings report on Wednesday, November 13th.

On average, analysts expect that Wheaton Precious Metals will report full year sales of $859.31 million for the current financial year, with estimates ranging from $817.60 million to $915.69 million. For the next financial year, analysts anticipate that the business will report sales of $954.84 million, with estimates ranging from $828.00 million to $1.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Wheaton Precious Metals had a positive return on equity of 3.35% and a negative net margin of 3.33%. The company had revenue of $189.47 million during the quarter, compared to analysts’ expectations of $194.90 million. During the same period last year, the business posted $0.16 earnings per share. The firm’s revenue was down 10.8% compared to the same quarter last year.



A number of research firms have commented on WPM. TheStreet cut Wheaton Precious Metals from a “b” rating to a “c+” rating in a research note on Friday, August 9th. ValuEngine cut Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank set a $27.00 price target on Wheaton Precious Metals and gave the company a “buy” rating in a research note on Thursday, July 11th. Zacks Investment Research upgraded Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Raymond James reiterated an “outperform” rating and issued a $29.00 price target on shares of Wheaton Precious Metals in a research note on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $31.78.

Wheaton Precious Metals stock traded down $0.93 during midday trading on Tuesday, reaching $26.71. The company’s stock had a trading volume of 3,933,358 shares, compared to its average volume of 2,532,483. The stock’s 50-day simple moving average is $27.81 and its 200-day simple moving average is $23.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.65 and a quick ratio of 3.65. Wheaton Precious Metals has a 52-week low of $15.08 and a 52-week high of $30.90. The stock has a market capitalization of $12.16 billion, a P/E ratio of 55.65, a PEG ratio of 10.41 and a beta of -0.03.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 22nd. Wheaton Precious Metals’s payout ratio is 75.00%.

Large investors have recently made changes to their positions in the company. Signaturefd LLC raised its position in Wheaton Precious Metals by 39.2% during the second quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock valued at $43,000 after acquiring an additional 495 shares in the last quarter. Assetmark Inc. raised its position in Wheaton Precious Metals by 135.8% during the second quarter. Assetmark Inc. now owns 2,014 shares of the company’s stock valued at $49,000 after acquiring an additional 1,160 shares in the last quarter. NEXT Financial Group Inc raised its position in Wheaton Precious Metals by 67.0% during the second quarter. NEXT Financial Group Inc now owns 2,263 shares of the company’s stock valued at $55,000 after acquiring an additional 908 shares in the last quarter. Willingdon Wealth Management purchased a new position in Wheaton Precious Metals during the first quarter valued at approximately $61,000. Finally, Huntington National Bank raised its position in Wheaton Precious Metals by 318.3% during the second quarter. Huntington National Bank now owns 2,773 shares of the company’s stock valued at $67,000 after acquiring an additional 2,110 shares in the last quarter. Hedge funds and other institutional investors own 54.04% of the company’s stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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.

Recommended Story: How is inflation measured?

Get a free copy of the Zacks research report on Wheaton Precious Metals (WPM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.