Wheaton Precious Metals (TSE:WPM) Issues Earnings Results

Wheaton Precious Metals (TSE:WPM) announced its earnings results on Thursday. The company reported C$1.78 earnings per share for the quarter, FiscalAI reports. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. The firm had revenue of C$1.25 billion during the quarter.

Wheaton Precious Metals Stock Down 2.1%

Wheaton Precious Metals stock opened at C$179.63 on Friday. The company’s 50-day moving average price is C$190.78 and its two-hundred day moving average price is C$174.88. The stock has a market cap of C$81.56 billion, a P/E ratio of 55.49 and a beta of 1.38. Wheaton Precious Metals has a twelve month low of C$105.36 and a twelve month high of C$226.68.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WPM shares. Peel Hunt boosted their price target on Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. BMO Capital Markets lifted their target price on Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. National Bank Financial boosted their target price on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. TD Securities boosted their price objective on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Finally, Stifel Nicolaus lifted their target price on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$205.63.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.