Wheaton Precious Metals (NYSE:WPM) issued its quarterly earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16, Briefing.com reports. Wheaton Precious Metals had a negative net margin of 3.33% and a positive return on equity of 3.35%. The business had revenue of $223.60 million during the quarter, compared to analyst estimates of $235.93 million. During the same quarter last year, the business posted $0.08 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 20.4% compared to the same quarter last year.
WPM traded up $0.48 during trading on Friday, reaching $26.94. 2,270,034 shares of the company’s stock were exchanged, compared to its average volume of 2,449,814. The company’s fifty day moving average price is $26.80 and its 200-day moving average price is $25.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.65 and a current ratio of 3.65. Wheaton Precious Metals has a fifty-two week low of $15.25 and a fifty-two week high of $30.90. The firm has a market capitalization of $11.78 billion, a PE ratio of 56.13, a P/E/G ratio of 9.20 and a beta of -0.08.
WPM has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a report on Friday, August 23rd. Zacks Investment Research lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a report on Saturday, October 19th. ValuEngine lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays lowered shares of Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Tuesday, October 15th. Finally, TheStreet lowered shares of Wheaton Precious Metals from a “b” rating to a “c+” rating in a report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $31.82.
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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