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.

Large investors have recently bought and sold shares of the business. Bank of Montreal Can bought a new position in shares of Wheaton Precious Metals in the second quarter valued at $201,760,000. Ruffer LLP lifted its stake in shares of Wheaton Precious Metals by 158.3% in the third quarter. Ruffer LLP now owns 6,754,887 shares of the company’s stock valued at $108,490,000 after buying an additional 4,139,289 shares in the last quarter. FIL Ltd lifted its stake in shares of Wheaton Precious Metals by 77.3% in the third quarter. FIL Ltd now owns 6,272,194 shares of the company’s stock valued at $109,745,000 after buying an additional 2,735,450 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Wheaton Precious Metals in the third quarter valued at $43,172,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Wheaton Precious Metals by 588.5% in the third quarter. JPMorgan Chase & Co. now owns 2,077,956 shares of the company’s stock valued at $36,364,000 after buying an additional 1,776,164 shares in the last quarter. Institutional investors and hedge funds own 53.18% of the company’s stock.

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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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Earnings History for Wheaton Precious Metals (NYSE:WPM)

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