Wheaton (WPM) Q2 Earnings Beat Estimates, Revenues Up Y/Y
Wheaton's (WPM) Q2 top line reflects gains from an increase in average realized price, partially offset by lower GEOs sold.
Wheaton Precious Metals (WPM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Wheaton Precious Metals (WPM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Wheaton Precious Metals Corp. (WPM) Q2 Earnings and Revenues Top Estimates
Wheaton Precious Metals Corp. (WPM) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.31 per share a year ago.
What To Expect From Wheaton Precious Metals Q2 Results
Wheaton Precious Metals stock (NYSE: WPM) is poised to publish its Q2 2024 results on August 8, reporting on a quarter that saw gold prices move considerably higher. We estimate that the company's revenue will come in at about $312 million, up about 28% year-over-year, and slightly ahead of the consensus.
Gear Up for Wheaton Precious Metals (WPM) Q2 Earnings: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Wheaton Precious Metals (WPM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Analysts Estimate Wheaton Precious Metals Corp. (WPM) to Report a Decline in Earnings: What to Look Out for
Wheaton Precious Metals (WPM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Are You Looking for a Top Momentum Pick? Why Wheaton Precious Metals Corp. (WPM) is a Great Choice
Does Wheaton Precious Metals Corp. (WPM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Why Wheaton Precious Metals (WPM) is Poised to Beat Earnings Estimates Again
Wheaton Precious Metals (WPM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Q2 2024 EPS Estimates for Wheaton Precious Metals Corp. (TSE:WPM) Decreased by Zacks Research
Wheaton Precious Metals Corp. (TSE:WPM – Free Report) – Research analysts at Zacks Research dropped their Q2 2024 EPS estimates for shares of Wheaton Precious Metals in a research report issued on Friday, May 17th. Zacks Research analyst M. Das now expects that the company will earn $0.37 per share for the quarter, down from their previous forecast of $0.39. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.85 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.39 EPS, Q4 2024 earnings at $0.43 EPS, Q1 2025 earnings at $0.44 EPS, Q1 2026 earnings at $0.44 EPS and FY2026 earnings at $1.81 EPS. Several other research analysts have also commented on WPM. Veritas Investment Research upped their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a research note on Friday, April 12th. Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a report on Tuesday, April 23rd. Peel Hunt lifted their target price on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. National Bank Financial lowered Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. Finally, Stifel Nicolaus raised their price target on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Get Our Latest Analysis on Wheaton Precious Metals Wheaton Precious Metals Stock Performance Wheaton Precious Metals stock opened at C$77.59 on Monday. The stock has a market capitalization of C$35.17 billion, a price-to-earnings ratio of 43.84 and a beta of 0.63. The business’s fifty day moving average is C$68.83. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$78.15. Wheaton Precious Metals (TSE:WPM – Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.07. The firm had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.50%. Insider Buying and Selling In other news, Director Chantal Gosselin sold 2,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$76.50, for a total transaction of C$153,000.00. Following the sale, the director now directly owns 900 shares of the company’s stock, valued at approximately C$68,850. In other news, Senior Officer Haytham Henry Hodaly sold 16,500 shares of Wheaton Precious Metals stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$76.64, for a total value of C$1,264,560.00. Also, Director Chantal Gosselin sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$76.50, for a total transaction of C$153,000.00. Following the completion of the transaction, the director now directly owns 900 shares in the company, valued at C$68,850. Over the last three months, insiders have sold 78,234 shares of company stock valued at $5,619,813. Corporate insiders own 0.13% of the company’s stock. Wheaton Precious Metals Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a $0.214 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals’s payout ratio is currently 48.02%. Wheaton Precious Metals Company Profile (Get Free Report) 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.
Research Analysts Issue Forecasts for Wheaton Precious Metals Corp.’s Q2 2024 Earnings (NYSE:WPM)
Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) – Equities researchers at Zacks Research dropped their Q2 2024 EPS estimates for Wheaton Precious Metals in a note issued to investors on Friday, May 17th. Zacks Research analyst M. Das now expects that the company will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.28. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.28 per share. Zacks Research also issued estimates for Wheaton Precious Metals’ Q3 2024 earnings at $0.28 EPS, Q1 2026 earnings at $0.33 EPS and FY2026 earnings at $1.33 EPS. Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $296.80 million during the quarter, compared to analysts’ expectations of $278.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The firm’s revenue was up 38.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. WPM has been the subject of a number of other research reports. BMO Capital Markets decreased their price target on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Scotiabank decreased their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 28th. Finally, Berenberg Bank raised their target price on Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.25. Check Out Our Latest Stock Analysis on Wheaton Precious Metals Wheaton Precious Metals Price Performance Shares of NYSE WPM opened at $57.01 on Monday. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 7.60 and a beta of 0.75. Wheaton Precious Metals has a 1-year low of $38.37 and a 1-year high of $57.33. The business has a 50-day moving average of $50.47 and a 200-day moving average of $47.71. Hedge Funds Weigh In On Wheaton Precious Metals Large investors have recently added to or reduced their stakes in the company. Fielder Capital Group LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $1,046,000. Sprott Inc. boosted its stake in Wheaton Precious Metals by 4.8% in the third quarter. Sprott Inc. now owns 799,533 shares of the company’s stock valued at $32,421,000 after acquiring an additional 36,654 shares during the period. Douglas Lane & Associates LLC grew its holdings in shares of Wheaton Precious Metals by 31.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 408,449 shares of the company’s stock valued at $20,153,000 after purchasing an additional 97,535 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Wheaton Precious Metals by 4.4% during the third quarter. Deutsche Bank AG now owns 3,623,133 shares of the company’s stock valued at $146,918,000 after purchasing an additional 152,826 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $1,509,000. 70.34% of the stock is currently owned by institutional investors. Wheaton Precious Metals Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, May 29th. Wheaton Precious Metals’s payout ratio is currently 47.69%. About Wheaton Precious Metals (Get Free Report) 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.
