Wheaton Precious Metals Corp. (WPM) Matches Q3 Earnings Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Source: NASDAQ.COM
Wheaton Precious Metals Earnings: Wheaton Precious Metals Corp. reported quarterly earnings of $0.34 per share, matching estimates and showing an increase from $0.27 a year ago, while revenues of $308.25 million fell short of expectations by 5.03%. The company has surpassed EPS estimates three times in the last four quarters.
Market Outlook and Comparisons: The stock has gained about 27.2% this year, outperforming the S&P 500's 24.3%, but its future performance will depend on management's commentary and earnings estimate revisions, with current consensus for the next quarter at $0.42 EPS and $356.83 million in revenue.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy WPM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on WPM
Wall Street analysts forecast WPM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WPM is 137.91 USD with a low forecast of 118.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 152.700
Low
118.00
Averages
137.91
High
160.00
Current: 152.700
Low
118.00
Averages
137.91
High
160.00
About WPM
Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company, through strategic streaming agreements, partners with mining companies to secure a portion of their future precious metal production. The Company has approximately 35 streaming agreements. It also has approximately five royalty agreements. Its portfolio includes a diverse mix of gold, silver, palladium, platinum and cobalt streams from 18 operating mines and 28 development projects. Its operating portfolio includes Antamina, Blackwater, Constancia, Cozamin, Los Filos, Marmato, Neves-Corvo, Penasquito, Salobo, San Dimas, Stillwater & East Boulder, Sudbury, Voisey's Bay, and Zinkgruvan. The Company has also entered into a definitive agreement to acquire the Spring Valley Project located in Nevada, United States of America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
Continue Reading
Comparative Analysis of Global Silver Mining ETFs
- Cost Structure Differences: The iShares MSCI Global Silver and Metals Miners ETF (SLVP) offers a lower expense ratio of 0.39% compared to Global X Silver Miners ETF (SIL) at 0.65%, making SLVP more appealing to cost-sensitive investors while providing a higher dividend yield of 1.3% versus SIL's 0.9%.
- Portfolio Composition: Launched 15 years ago, SIL holds 42 stocks primarily focused on Canadian mining companies like Wheaton Precious Metals Corp., which accounts for over 20% of its assets, while SLVP emphasizes Mexican mining firms, despite both ETFs having the same number of holdings.
- Risk and Return Comparison: Over the past five years, SIL and SLVP experienced maximum drawdowns of -55.63% and -55.56%, respectively, with growth of $1,000 amounting to $2,945 for SIL and $2,592 for SLVP, indicating similar risk management but slightly better performance for SLVP.
- Market Volatility Impact: Given that silver is estimated to be three times more volatile than gold, investors should be cautious of the risks both ETFs may face during significant price fluctuations, although they have benefited from the meteoric rise in silver prices in 2025 and early 2026.
Continue Reading