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.
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.
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