Equities analysts expect Wheaton Precious Metals Corp (NYSE:WPM) to report $0.13 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Wheaton Precious Metals’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.10. Wheaton Precious Metals posted earnings per share of $0.15 during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.3%. The business is expected to announce its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Wheaton Precious Metals will report full year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.61. For the next financial year, analysts forecast that the business will post earnings of $0.65 per share, with EPS estimates ranging from $0.49 to $0.81. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Tuesday, August 14th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Wheaton Precious Metals had a return on equity of 5.80% and a net margin of 36.76%. The company had revenue of $212.40 million for the quarter, compared to the consensus estimate of $203.92 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.

WPM has been the topic of a number of recent research reports. ValuEngine raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Wheaton Precious Metals in a report on Monday, June 18th. Raymond James raised their price target on Wheaton Precious Metals from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, June 12th. Finally, Zacks Investment Research raised Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.50.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cerebellum GP LLC boosted its holdings in Wheaton Precious Metals by 919.2% in the second quarter. Cerebellum GP LLC now owns 8,286 shares of the company’s stock worth $183,000 after acquiring an additional 7,473 shares in the last quarter. Marietta Investment Partners LLC acquired a new stake in Wheaton Precious Metals in the second quarter worth about $210,000. Greenleaf Trust acquired a new stake in Wheaton Precious Metals in the second quarter worth about $210,000. MAI Capital Management acquired a new stake in Wheaton Precious Metals in the second quarter worth about $214,000. Finally, Timber Hill LLC acquired a new stake in Wheaton Precious Metals in the first quarter worth about $211,000. 52.19% of the stock is owned by institutional investors and hedge funds.

Shares of WPM stock opened at $16.53 on Friday. Wheaton Precious Metals has a 1-year low of $15.18 and a 1-year high of $22.86. The stock has a market cap of $7.07 billion, a P/E ratio of 26.24, a P/E/G ratio of 5.72 and a beta of 0.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.76 and a current ratio of 4.76.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Wednesday, August 29th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Tuesday, August 28th. Wheaton Precious Metals’s dividend payout ratio is presently 57.14%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 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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