Wheaton Precious Metals (WPM) Scheduled to Post Quarterly Earnings on Thursday

Wheaton Precious Metals (TSE:WPM) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.51 per share for the quarter.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, beating analysts’ consensus estimates of C$0.39 by C$0.06. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. The company had revenue of C$409.19 million for the quarter, compared to analyst estimates of C$400.03 million.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at C$90.77 on Wednesday. The firm has a market cap of C$41.18 billion, a PE ratio of 52.47 and a beta of 0.70. The business’s 50 day simple moving average is C$85.43 and its 200 day simple moving average is C$79.69. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Stifel Nicolaus raised their price target on Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. National Bank Financial upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Eight Capital boosted their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Company Profile

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.