Zacks: Brokerages Expect Wheaton Precious Metals Corp (NYSE:WPM) to Announce $0.17 Earnings Per Share

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Equities research analysts forecast that Wheaton Precious Metals Corp (NYSE:WPM) will post $0.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Wheaton Precious Metals’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.15. Wheaton Precious Metals reported earnings of $0.08 per share in the same quarter last year, which would indicate a positive year over year growth rate of 112.5%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, March 11th.

According to Zacks, analysts expect that Wheaton Precious Metals will report full-year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.54 to $0.58. For the next year, analysts expect that the company will post earnings of $0.92 per share, with EPS estimates ranging from $0.80 to $1.30. Zacks’ EPS averages are an average based on a survey of research firms that cover Wheaton Precious Metals.

Several equities analysts have recently issued reports on WPM shares. BMO Capital Markets started coverage on Wheaton Precious Metals in a research report on Tuesday, November 26th. They set a “buy” rating and a $35.00 target price for the company. Raymond James reiterated an “outperform” rating and issued a $35.00 price objective on shares of Wheaton Precious Metals in a research report on Monday, November 18th. TheStreet upgraded Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Friday, November 15th. Zacks Investment Research lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 price objective on shares of Wheaton Precious Metals in a research report on Sunday, February 9th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Wheaton Precious Metals currently has an average rating of “Buy” and a consensus target price of $32.00.

Shares of Wheaton Precious Metals stock traded up $0.49 during trading on Friday, hitting $32.91. 3,144,274 shares of the company were exchanged, compared to its average volume of 2,109,465. The firm has a market capitalization of $14.52 billion, a P/E ratio of 822.96, a price-to-earnings-growth ratio of 7.15 and a beta of -0.03. Wheaton Precious Metals has a 1-year low of $19.73 and a 1-year high of $33.17. The firm’s fifty day moving average price is $29.16 and its 200 day moving average price is $27.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.67 and a quick ratio of 4.67.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA lifted its stake in Wheaton Precious Metals by 1.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 41,491 shares of the company’s stock valued at $1,237,000 after acquiring an additional 395 shares in the last quarter. Evanson Asset Management LLC lifted its stake in Wheaton Precious Metals by 4.9% in the 4th quarter. Evanson Asset Management LLC now owns 8,606 shares of the company’s stock valued at $256,000 after acquiring an additional 400 shares in the last quarter. Signaturefd LLC lifted its stake in Wheaton Precious Metals by 28.7% in the 3rd quarter. Signaturefd LLC now owns 2,263 shares of the company’s stock valued at $59,000 after acquiring an additional 505 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Wheaton Precious Metals by 36.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,905 shares of the company’s stock valued at $50,000 after acquiring an additional 505 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Wheaton Precious Metals by 10.9% in the 4th quarter. Captrust Financial Advisors now owns 6,868 shares of the company’s stock valued at $204,000 after acquiring an additional 677 shares in the last quarter. Institutional investors and hedge funds own 53.75% of the company’s stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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 and Estimates for Wheaton Precious Metals (NYSE:WPM)

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