Wheaton Precious Metals (NYSE:WPM – Get Free Report) released its earnings results on Thursday. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01), Briefing.com reports. The firm had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share.
Wheaton Precious Metals Price Performance
NYSE WPM opened at $72.98 on Friday. The firm has a market cap of $33.11 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a one year low of $43.18 and a one year high of $73.77. The stock’s 50 day simple moving average is $64.10 and its 200 day simple moving average is $62.53.
Analyst Ratings Changes
A number of research firms have recently issued reports on WPM. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group began coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Buy” and a consensus 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.
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