Wall Street brokerages predict that Wheaton Precious Metals Corp (NYSE:WPM) will post $222.51 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Wheaton Precious Metals’ earnings. The lowest sales estimate is $202.92 million and the highest is $245.32 million. Wheaton Precious Metals posted sales of $258.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 13.8%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, March 20th.
According to Zacks, analysts expect that Wheaton Precious Metals will report full-year sales of $222.51 million for the current year, with estimates ranging from $803.35 million to $904.40 million. For the next year, analysts forecast that the company will post sales of $887.90 million per share, with estimates ranging from $831.97 million to $960.88 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Wheaton Precious Metals.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. Wheaton Precious Metals had a return on equity of 5.54% and a net margin of 24.02%. The firm had revenue of $203.00 million for the quarter, compared to analyst estimates of $220.84 million. The company’s quarterly revenue was down 13.0% compared to the same quarter last year.
Wheaton Precious Metals (NYSE:WPM) opened at $22.02 on Friday. Wheaton Precious Metals has a twelve month low of $18.32 and a twelve month high of $23.06. The firm has a market capitalization of $9,741.16, a price-to-earnings ratio of 34.95, a P/E/G ratio of 6.16 and a beta of 0.30. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.17.
Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in Wheaton Precious Metals in the second quarter valued at $4,600,000. SG Americas Securities LLC grew its holdings in Wheaton Precious Metals by 118.4% in the third quarter. SG Americas Securities LLC now owns 16,045 shares of the company’s stock valued at $306,000 after purchasing an additional 8,699 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Wheaton Precious Metals by 31.6% in the third quarter. Russell Investments Group Ltd. now owns 1,283,499 shares of the company’s stock valued at $24,502,000 after purchasing an additional 307,951 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Wheaton Precious Metals in the third quarter valued at $1,317,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Wheaton Precious Metals in the second quarter valued at $1,576,000. 50.45% of the stock is currently owned by institutional investors.
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About Wheaton Precious Metals
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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