Wheaton Precious Metals (NYSE:WPM) announced its quarterly earnings data on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16, Briefing.com reports. The firm had revenue of $223.60 million for the quarter, compared to the consensus estimate of $235.93 million. Wheaton Precious Metals had a negative net margin of 3.33% and a positive return on equity of 3.35%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share.
Shares of WPM stock traded up $0.48 on Friday, reaching $26.94. The company had a trading volume of 2,270,034 shares, compared to its average volume of 2,449,814. The stock has a market capitalization of $11.78 billion, a PE ratio of 56.13, a price-to-earnings-growth ratio of 9.20 and a beta of -0.08. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.22. Wheaton Precious Metals has a one year low of $15.25 and a one year high of $30.90. The business’s 50-day moving average is $26.80 and its 200 day moving average is $25.25.
WPM has been the topic of a number of analyst reports. ValuEngine downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a research note on Saturday, October 19th. Canaccord Genuity reiterated a “buy” rating on shares of Wheaton Precious Metals in a research note on Friday, August 23rd. Bank of America increased their price objective on shares of Wheaton Precious Metals from $33.50 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Raymond James reiterated an “outperform” rating and set a $29.00 price objective on shares of Wheaton Precious Metals in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.82.
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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