Wheaton Precious Metals Corp. (NYSE:WPM) – Equities research analysts at Raymond James issued their FY2022 earnings estimates for Wheaton Precious Metals in a note issued to investors on Monday, April 5th. Raymond James analyst B. Macarthur anticipates that the company will post earnings of $1.53 per share for the year. Raymond James has a “Outperform” rating and a $57.00 price target on the stock.
Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, March 11th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Wheaton Precious Metals had a return on equity of 6.50% and a net margin of 37.30%. The business had revenue of $286.20 million during the quarter, compared to analysts’ expectations of $296.32 million. During the same quarter in the previous year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 28.2% on a year-over-year basis.
WPM stock opened at $40.62 on Thursday. Wheaton Precious Metals has a twelve month low of $28.94 and a twelve month high of $57.89. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $38.21 and its two-hundred day simple moving average is $42.51. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 51.42, a PEG ratio of 8.78 and a beta of 0.55.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 13th. Shareholders of record on Friday, March 26th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 25th. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.12. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 85.71%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Beddow Capital Management Inc. boosted its holdings in Wheaton Precious Metals by 51.9% in the first quarter. Beddow Capital Management Inc. now owns 39,195 shares of the company’s stock worth $1,498,000 after acquiring an additional 13,385 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Wheaton Precious Metals by 1.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,588,989 shares of the company’s stock worth $67,310,000 after purchasing an additional 27,819 shares during the last quarter. Childress Capital Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $26,000. tru Independence LLC purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $41,740,000. Finally, Mufg Securities Canada LTD. purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $9,973,000. 59.45% of the stock is owned by institutional investors and hedge funds.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, and palladium ores. It has agreements for 20 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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