Wheaton Precious Metals (WPM) Earnings Announcement Scheduled

Wheaton Precious Metals (TSE:WPM – Get Free Report) is set to release its earnings results on Thursday, November 7th, after the market closes. Analysts are projecting the company's earnings to be C$0.51 per share for the quarter.

The last quarterly earnings report from Wheaton Precious Metals was published on August 7th, when the company announced earnings of C$0.45 per share. This figure surpassed the anticipated C$0.39, indicating a positive performance of C$0.06 above expectations. Furthermore, Wheaton Precious Metals recorded a return on equity of 8.16% and achieved a significant net margin of 50.44%. For that quarter, the company reported revenue of C$409.19 million, which also exceeded analyst predictions of C$400.03 million.

Wheaton Precious Metals Stock Overview

On Wednesday, Wheaton Precious Metals stock opened at C$90.77. The company's market capitalization stands at C$41.18 billion, and it has a price-to-earnings (PE) ratio of 52.47. The stock has demonstrated a beta of 0.70, suggesting it is less volatile compared to the market. Over the past 50 days, its simple moving average has been C$85.43, while the 200-day average is C$79.69. Wheaton Precious Metals has experienced a 52-week low of C$52.15 and a 52-week high of C$94.84.

Analyst Ratings Updates

Several analysts have recently updated their ratings for Wheaton Precious Metals. Stifel Nicolaus increased their price target from C$90.00 to C$102.00 in a note dated October 21st. Meanwhile, National Bank Financial upgraded their stance on the stock from a “hold” to a “strong-buy” rating on October 9th. Additionally, Canaccord Genuity Group raised the target price from C$90.00 to C$100.00 on July 23rd. Eight Capital also adjusted their target from C$95.00 to C$100.00, granting the stock a “buy” rating on September 26th. However, on the same day, Stifel Canada downgraded Wheaton Precious Metals from “strong-buy” to “hold.” Currently, one analyst has rated the stock as a hold, while four have assigned buy ratings and one has given a strong buy rating. As per MarketBeat data, the consensus rating stands at “Buy” with an average target price of C$97.67.

About Wheaton Precious Metals

The company specializes in selling precious metals across North America, Europe, and South America, focusing on gold, silver, palladium, and cobalt. Wheaton Precious Metals was formerly identified as Silver Wheaton Corp. before adopting its current name in May 2017.

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Wheaton, Earnings, Stocks