Wall Street analysts forecast that Wheaton Precious Metals Corp (NYSE:WPM) will report sales of $213.62 million for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Wheaton Precious Metals’ earnings, with estimates ranging from $195.16 million to $233.76 million. Wheaton Precious Metals reported sales of $258.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.2%. The company is expected to issue its next earnings results after the market closes on Wednesday, March 21st.
According to Zacks, analysts expect that Wheaton Precious Metals will report full year sales of $213.62 million for the current fiscal year, with estimates ranging from $795.83 million to $904.10 million. For the next year, analysts expect that the business will report sales of $866.43 million per share, with estimates ranging from $798.24 million to $951.82 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Wheaton Precious Metals.
WPM has been the subject of several recent research reports. Zacks Investment Research raised Wheaton Precious Metals from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, December 19th. Royal Bank of Canada set a $26.00 price target on Wheaton Precious Metals and gave the stock a “buy” rating in a report on Monday, January 15th. Desjardins reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a report on Monday, December 11th. Finally, TD Securities set a $28.00 target price on Wheaton Precious Metals and gave the company a “buy” rating in a report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $26.00.
Shares of Wheaton Precious Metals (NYSE:WPM) opened at $19.72 on Monday. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.17. Wheaton Precious Metals has a fifty-two week low of $18.32 and a fifty-two week high of $22.72. The firm has a market capitalization of $8,670.00, a price-to-earnings ratio of 41.96, a P/E/G ratio of 6.40 and a beta of 0.41.
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About Wheaton Precious Metals
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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