Wheaton Precious Metals Corp. (TSE:WPM) Expected to Earn Q2 2021 Earnings of $0.46 Per Share

Wheaton Precious Metals Corp. (TSE:WPM) – Equities researchers at Raymond James cut their Q2 2021 EPS estimates for shares of Wheaton Precious Metals in a research note issued to investors on Tuesday, June 8th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.46 per share for the quarter, down from their previous forecast of $0.47. Raymond James currently has a “Outperform” rating and a $72.50 target price on the stock. Raymond James also issued estimates for Wheaton Precious Metals’ Q3 2021 earnings at $0.51 EPS, Q4 2021 earnings at $0.51 EPS, FY2021 earnings at $1.92 EPS, Q2 2022 earnings at $0.50 EPS, Q3 2022 earnings at $0.52 EPS, Q4 2022 earnings at $0.54 EPS and FY2022 earnings at $2.04 EPS.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Thursday, March 11th. The company reported C$0.43 EPS for the quarter, meeting the consensus estimate of C$0.43. The business had revenue of C$373.05 million during the quarter, compared to analyst estimates of C$394.28 million.

Several other analysts have also recently commented on the company. Eight Capital reduced their price target on Wheaton Precious Metals from C$90.00 to C$85.00 and set a “buy” rating for the company in a report on Tuesday, April 20th. Credit Suisse Group lifted their price objective on Wheaton Precious Metals to C$60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 19th. National Bankshares lifted their price objective on Wheaton Precious Metals from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, May 20th. National Bank Financial lifted their price objective on Wheaton Precious Metals to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, May 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Wheaton Precious Metals from C$70.00 to C$58.00 and set a “na” rating for the company in a report on Tuesday, April 27th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$70.44.

WPM opened at C$59.16 on Thursday. The company has a quick ratio of 2.03, a current ratio of 2.08 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of C$54.42. The firm has a market cap of C$26.62 billion and a PE ratio of 38.34. Wheaton Precious Metals has a 12 month low of C$44.09 and a 12 month high of C$76.69.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 3rd. Stockholders of record on Friday, May 21st were issued a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, May 20th. Wheaton Precious Metals’s payout ratio is 29.16%.

In other news, Senior Officer Randy Smallwood sold 114,800 shares of Wheaton Precious Metals stock in a transaction on Thursday, March 18th. The stock was sold at an average price of C$49.34, for a total value of C$5,664,404.20. Following the completion of the sale, the insider now owns 343,950 shares of the company’s stock, valued at C$16,971,008.93. Also, Director John Brough sold 4,500 shares of Wheaton Precious Metals stock in a transaction on Wednesday, March 31st. The shares were sold at an average price of C$47.80, for a total value of C$215,094.60. Over the last three months, insiders sold 134,015 shares of company stock valued at $6,586,592.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects. The company was formerly known as Silver Wheaton Corp.

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Earnings History and Estimates for Wheaton Precious Metals (TSE:WPM)

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