Wheaton Precious Metals (WPM) Set to Announce Earnings on Thursday

Wheaton Precious Metals (NYSE:WPM) is scheduled to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors that are interested in registering for the company’s 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 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. The business had revenue of $313.47 million for the quarter, compared to analyst estimates of $284.29 million. 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 Stock Up 2.0 %

Shares of NYSE:WPM opened at $53.76 on Tuesday. The business has a 50 day moving average price of $48.13 and a 200 day moving average price of $46.95. The company has a market cap of $24.37 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 7.13 and a beta of 0.75. Wheaton Precious Metals has a twelve month low of $38.37 and a twelve month high of $54.45.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed 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%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio is currently 52.10%.

Analyst Ratings Changes

WPM has been the subject of several research analyst reports. Berenberg Bank upped their target price on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Jefferies Financial Group increased their target price on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Raymond James reduced their price objective on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. Finally, TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $51.00 to $53.00 in a research report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.