Equities analysts predict that Wheaton Precious Metals Corp. (NYSE:WPM) will report $328.83 million in sales for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Wheaton Precious Metals’ earnings. The highest sales estimate is $361.27 million and the lowest is $300.14 million. Wheaton Precious Metals reported sales of $307.27 million during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The business is scheduled to report its next quarterly earnings report on Monday, November 8th.
On average, analysts expect that Wheaton Precious Metals will report full year sales of $1.32 billion for the current fiscal year, with estimates ranging from $1.22 billion to $1.39 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.43 billion, with estimates ranging from $1.29 billion to $1.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 12th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). Wheaton Precious Metals had a return on equity of 10.84% and a net margin of 50.90%. The firm had revenue of $330.39 million for the quarter, compared to analysts’ expectations of $320.49 million.
Wheaton Precious Metals stock traded down $0.44 during midday trading on Friday, hitting $44.15. 94,221 shares of the stock were exchanged, 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 firm has a market cap of $19.88 billion, a P/E ratio of 31.62, a P/E/G ratio of 5.91 and a beta of 0.32. The company has a 50 day moving average price of $44.47 and a two-hundred day moving average price of $43.40.
The firm also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, August 26th. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.14. Wheaton Precious Metals’s dividend payout ratio is currently 53.57%.
Several large investors have recently made changes to their positions in WPM. Mark Sheptoff Financial Planning LLC boosted its stake in Wheaton Precious Metals by 50.0% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 750 shares of the company’s stock valued at $33,000 after purchasing an additional 250 shares during the period. Strategic Blueprint LLC acquired a new position in Wheaton Precious Metals during the 2nd quarter valued at about $33,000. Wagner Wealth Management LLC acquired a new position in Wheaton Precious Metals during the 1st quarter valued at about $31,000. Ameritas Investment Company LLC acquired a new position in Wheaton Precious Metals during the 1st quarter valued at about $35,000. Finally, Harbour Investments Inc. acquired a new position in Wheaton Precious Metals during the 1st quarter valued at about $36,000. 55.50% of the stock is owned by institutional investors and hedge funds.
Wheaton Precious Metals Company Profile
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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