Analysts expect Wheaton Precious Metals Corp (NYSE:WPM) to post $225.58 million in sales for the current quarter, Zacks Investment Research reports. Twelve 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 during the same quarter last year, which would indicate a negative year over year growth rate of 12.6%. The business is expected to announce its next earnings results on Tuesday, March 20th.

On average, analysts expect that Wheaton Precious Metals will report full-year sales of $225.58 million for the current fiscal year, with estimates ranging from $803.35 million to $904.40 million. For the next year, analysts expect that the firm will post sales of $901.11 million per share, with estimates ranging from $801.00 million to $1.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Wheaton Precious Metals.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $203.00 million during the quarter, compared to analyst estimates of $220.84 million. Wheaton Precious Metals had a net margin of 24.02% and a return on equity of 5.54%. The business’s revenue was down 13.0% on a year-over-year basis.

A number of analysts recently weighed in on the stock. Desjardins reissued a “buy” rating on shares of Wheaton Precious Metals in a report on Monday, December 11th. TD Securities set a $28.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Friday, November 24th. TheStreet raised shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Tuesday, October 24th. Zacks Investment Research raised shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Royal Bank of Canada set a $25.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Sunday, October 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Wheaton Precious Metals currently has an average rating of “Buy” and a consensus target price of $26.00.

Shares of Wheaton Precious Metals (WPM) opened at $21.55 on Monday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.17. The firm has a market cap of $9,550.00, a P/E ratio of 34.21, a P/E/G ratio of 7.06 and a beta of 0.30. Wheaton Precious Metals has a fifty-two week low of $16.96 and a fifty-two week high of $23.06.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, November 27th were paid a $0.09 dividend. The ex-dividend date was Friday, November 24th. This represents a $0.36 dividend on an annualized basis and a yield of 1.67%. Wheaton Precious Metals’s payout ratio is presently 76.60%.

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Wheaton Precious Metals in the second quarter valued at approximately $146,000. Atlantic Trust Group LLC bought a new position in shares of Wheaton Precious Metals during the second quarter worth $238,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Wheaton Precious Metals during the second quarter worth $682,000. Cannell Peter B & Co. Inc. bought a new position in shares of Wheaton Precious Metals during the second quarter worth $855,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Wheaton Precious Metals during the second quarter worth $886,000. 50.54% of the stock is currently owned by hedge funds and other institutional investors.

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Wheaton Precious Metals Company Profile

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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Earnings History and Estimates for Wheaton Precious Metals (NYSE:WPM)

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