$196.55 Million in Sales Expected for Wheaton Precious Metals Corp (NYSE:WPM) This Quarter

Equities research analysts expect that Wheaton Precious Metals Corp (NYSE:WPM) will announce $196.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Wheaton Precious Metals’ earnings, with the highest sales estimate coming in at $215.10 million and the lowest estimate coming in at $163.98 million. Wheaton Precious Metals reported sales of $212.40 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.5%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, August 8th.

On average, analysts expect that Wheaton Precious Metals will report full year sales of $850.52 million for the current financial year, with estimates ranging from $784.57 million to $915.69 million. For the next financial year, analysts forecast that the company will post sales of $939.09 million, with estimates ranging from $824.17 million to $1.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%. The firm had revenue of $225.05 million during the quarter, compared to analyst estimates of $202.80 million.

Several research analysts have weighed in on the stock. Canaccord Genuity restated a “buy” rating on shares of Wheaton Precious Metals in a report on Friday, July 19th. ValuEngine lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a report on Thursday. Barclays upgraded shares of Wheaton Precious Metals from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $28.00 in a report on Tuesday, July 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Finally, Deutsche Bank set a $27.00 price objective on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $30.88.

Several large investors have recently modified their holdings of the stock. Swiss National Bank boosted its holdings in shares of Wheaton Precious Metals by 0.4% during the 2nd quarter. Swiss National Bank now owns 3,507,900 shares of the company’s stock valued at $84,828,000 after buying an additional 13,100 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Wheaton Precious Metals by 73.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 50,996 shares of the company’s stock worth $1,234,000 after purchasing an additional 21,526 shares during the period. Advisory Services Network LLC boosted its stake in Wheaton Precious Metals by 3.5% in the 2nd quarter. Advisory Services Network LLC now owns 86,633 shares of the company’s stock worth $2,095,000 after purchasing an additional 2,954 shares during the period. Willingdon Wealth Management boosted its stake in Wheaton Precious Metals by 218.1% in the 2nd quarter. Willingdon Wealth Management now owns 8,160 shares of the company’s stock worth $197,000 after purchasing an additional 5,595 shares during the period. Finally, TD Asset Management Inc. boosted its stake in Wheaton Precious Metals by 1.8% in the 2nd quarter. TD Asset Management Inc. now owns 1,712,027 shares of the company’s stock worth $41,492,000 after purchasing an additional 30,300 shares during the period. Institutional investors and hedge funds own 55.18% of the company’s stock.

WPM traded down $0.63 during trading on Friday, hitting $26.20. 248,657 shares of the company’s stock were exchanged, compared to its average volume of 2,420,426. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average price is $24.82. Wheaton Precious Metals has a fifty-two week low of $15.08 and a fifty-two week high of $27.66. The company has a market cap of $11.76 billion, a PE ratio of 54.67, a P/E/G ratio of 10.31 and a beta of -0.01.

Wheaton Precious Metals Company Profile

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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