Wheaton Precious Metals (TSE:WPM – Get Rating) will post its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect Wheaton Precious Metals to post earnings of C$0.46 per share for the quarter.
Wheaton Precious Metals (TSE:WPM – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported C$0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.43 by C$0.01. The business had revenue of C$389.19 million for the quarter, compared to analyst estimates of C$392.78 million.
Wheaton Precious Metals Stock Down 2.8 %
Shares of WPM opened at C$42.07 on Thursday. The stock has a market capitalization of C$18.99 billion and a PE ratio of 19.66. Wheaton Precious Metals has a 1 year low of C$40.52 and a 1 year high of C$65.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.61 and a current ratio of 3.70. The company’s 50-day simple moving average is C$47.74 and its 200-day simple moving average is C$53.68.
Wheaton Precious Metals Cuts Dividend
Wall Street Analyst Weigh In
Several analysts recently weighed in on WPM shares. Eight Capital raised their target price on shares of Wheaton Precious Metals from C$85.00 to C$86.00 and gave the company a “buy” rating in a report on Thursday, April 21st. National Bankshares reduced their target price on shares of Wheaton Precious Metals from C$75.00 to C$70.00 and set an “outperform” rating on the stock in a report on Thursday, July 21st. Canaccord Genuity Group raised their target price on shares of Wheaton Precious Metals from C$76.00 to C$81.00 in a report on Friday, April 22nd. Finally, KeyCorp raised their target price on shares of Wheaton Precious Metals to C$70.00 and gave the company an “overweight” rating in a report on Tuesday, April 19th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$67.69.
Insiders Place Their Bets
In other news, Director Eduardo Luna sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of C$52.61, for a total transaction of C$894,293.57. Following the transaction, the director now directly owns 93,053 shares in the company, valued at C$4,895,099.96.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.
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