Wheaton Precious Metals (TSE:WPM) Posts Earnings Results

Wheaton Precious Metals (TSE:WPM) issued its quarterly earnings data on Thursday. The company reported C$1.78 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.25 billion for the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%.

Wheaton Precious Metals Price Performance

TSE:WPM opened at C$189.94 on Friday. The company has a fifty day moving average price of C$190.78 and a 200 day moving average price of C$174.88. Wheaton Precious Metals has a one year low of C$105.36 and a one year high of C$226.68. The stock has a market cap of C$86.24 billion, a P/E ratio of 58.68 and a beta of 1.38.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. TD Securities increased their price objective on Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Stifel Nicolaus increased their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. BMO Capital Markets increased their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. UBS Group raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Finally, Canaccord Genuity Group increased their price objective on Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$205.63.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.