Equities analysts expect Wheaton Precious Metals Corp. (NYSE:WPM) to post $0.39 earnings per share for the current quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Wheaton Precious Metals’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.34. Wheaton Precious Metals posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year over year growth rate of 14.7%. The firm is expected to announce its next quarterly earnings report on Monday, November 8th.
According to Zacks, analysts expect that Wheaton Precious Metals will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.40 to $1.77. For the next fiscal year, analysts anticipate that the business will report earnings of $1.68 per share, with EPS estimates ranging from $1.43 to $2.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 12th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Wheaton Precious Metals had a net margin of 50.90% and a return on equity of 10.84%. The company had revenue of $330.39 million during the quarter, compared to the consensus estimate of $320.49 million.
Several institutional investors have recently made changes to their positions in WPM. First Trust Advisors LP bought a new stake in Wheaton Precious Metals during the 1st quarter worth about $809,000. AE Wealth Management LLC bought a new stake in Wheaton Precious Metals during the 1st quarter worth about $213,000. Janney Montgomery Scott LLC grew its holdings in Wheaton Precious Metals by 2.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,515 shares of the company’s stock worth $1,013,000 after acquiring an additional 621 shares during the last quarter. Comerica Bank grew its holdings in Wheaton Precious Metals by 3.4% during the 1st quarter. Comerica Bank now owns 25,182 shares of the company’s stock worth $1,077,000 after acquiring an additional 832 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Wheaton Precious Metals by 4.8% during the 1st quarter. US Bancorp DE now owns 9,916 shares of the company’s stock worth $379,000 after acquiring an additional 451 shares during the last quarter. Institutional investors and hedge funds own 55.50% of the company’s stock.
Shares of WPM stock traded down $0.44 during mid-day trading on Wednesday, reaching $44.15. The company’s stock had a trading volume of 94,221 shares, compared to its average volume of 2,274,026. Wheaton Precious Metals has a 1-year low of $34.85 and a 1-year high of $54.83. The company has a market cap of $19.88 billion, a P/E ratio of 31.62, a PEG ratio of 5.91 and a beta of 0.32. The firm’s 50-day moving average is $44.47 and its two-hundred day moving average is $43.40.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 9th. Investors of record on Friday, August 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.14. Wheaton Precious Metals’s dividend payout ratio (DPR) is 53.57%.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. It focuses on the following precious metals streams: Salobo, Penasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others.
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