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

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

Wheaton Precious Metals Price Performance

Shares of NYSE WPM traded up $2.15 during trading on Monday, hitting $75.97. The stock had a trading volume of 2,701,937 shares, compared to its average volume of 1,579,231. The firm has a fifty day moving average of $64.72 and a two-hundred day moving average of $62.70. The company has a market capitalization of $34.47 billion, a PE ratio of 56.69, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a 12 month low of $43.18 and a 12 month high of $76.27.

Wheaton Precious Metals Increases Dividend

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

Remove Ads

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. UBS Group assumed coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 price target on the stock. Finally, Scotiabank boosted their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a report on Monday. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price 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.