Wheaton Precious Metals (WPM) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Wheaton Precious Metals (NYSE:WPM) posted its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02), Briefing.com reports. Wheaton Precious Metals had a return on equity of 5.80% and a net margin of 36.76%. The firm had revenue of $185.77 million for the quarter, compared to analyst estimates of $191.11 million. During the same quarter last year, the company earned $0.15 earnings per share. The company’s quarterly revenue was down 8.5% compared to the same quarter last year.
NYSE:WPM traded down $0.58 during trading hours on Thursday, reaching $15.41. The company had a trading volume of 387,389 shares, compared to its average volume of 2,231,218. The company has a current ratio of 4.76, a quick ratio of 4.76 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 6.11 and a beta of 0.38. Wheaton Precious Metals has a twelve month low of $15.18 and a twelve month high of $22.86.
Several equities research analysts have recently weighed in on WPM shares. Royal Bank of Canada set a $26.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research report on Friday, July 27th. ValuEngine cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Raymond James increased their price objective on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, September 28th. Finally, Deutsche Bank set a $25.00 price target on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.60.
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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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