Wheaton Precious Metals (NYSE:WPM) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Wheaton Precious Metals (NYSE:WPM) issued its earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01), Briefing.com reports. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same period last year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year.

Wheaton Precious Metals Trading Up 2.5 %

Shares of WPM stock traded up $1.81 during trading hours on Thursday, reaching $72.98. 2,440,900 shares of the company’s stock were exchanged, compared to its average volume of 1,548,970. The stock’s 50 day moving average is $64.10 and its 200-day moving average is $62.53. The company has a market cap of $33.11 billion, a price-to-earnings ratio of 54.46, a P/E/G ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a fifty-two week low of $43.18 and a fifty-two week high of $73.77.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WPM shares. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group assumed coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $71.67.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.