Wheaton Precious Metals (WPM) to Release Earnings on Thursday

Wheaton Precious Metals (NYSE:WPM) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Wheaton Precious Metals to post earnings of $0.31 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, March 14th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The business had revenue of $313.47 million during the quarter, compared to analysts’ expectations 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 Price Performance

Wheaton Precious Metals stock opened at $52.96 on Thursday. The firm has a 50-day moving average of $47.07 and a 200-day moving average of $46.66. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 44.26, a P/E/G ratio of 7.26 and a beta of 0.77. Wheaton Precious Metals has a one year low of $38.37 and a one year high of $54.45.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a dividend of $0.155 per share. The ex-dividend date was Tuesday, April 2nd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio is currently 52.10%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WPM. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. CIBC raised their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. BMO Capital Markets cut their target price on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their price target for the company from $51.00 to $53.00 in a research note on Monday, March 18th. Finally, Raymond James reduced their price target on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.