Wheaton Precious Metals (NYSE:WPM) Posts Earnings Results, Misses Estimates By $0.01 EPS

Wheaton Precious Metals (NYSE:WPM - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01), Briefing.com reports. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same quarter in the previous year, the business posted $0.36 EPS. The company's revenue for the quarter was up 21.4% on a year-over-year basis.

Wheaton Precious Metals Trading Up 2.9 %

NYSE:WPM traded up $2.15 during trading hours on Monday, hitting $75.97. 2,701,937 shares of the company were exchanged, compared to its average volume of 1,579,231. The stock has a market capitalization of $34.47 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a one year low of $43.18 and a one year high of $76.27. The company has a fifty day simple moving average of $64.72 and a 200 day simple moving average of $62.70.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a $0.165 dividend. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. Wheaton Precious Metals's payout ratio is currently 46.27%.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on WPM. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank increased their price objective on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a research note on Monday. Finally, UBS Group started coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a "buy" rating and a $78.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and an average price target of $72.44.

About Wheaton Precious Metals

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.