WPM Earnings Prediction
The chart below shows how WPM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WPM sees a +0.26% change in stock price 10 days leading up to the earnings, and a +5.70% change 10 days following the report. On the earnings day itself, the stock moves by -0.65%. This data can give you a slight idea of what to expect for the next quarter's release.
WPM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
308.25M
38.15%
3.07%
Gross Margin
64.04%
12.61%
2.86%
Operating Margin
57.08%
13.50%
1.01%
Net Margin
50.16%
-3.82%
22.64%
EPS
0.34
30.77%
25.93%
No Data Available
WPM Earnings Analysis
Wheaton Precious Metals Corp. Common Stock Corporation (WPM.N) Earnings Conference Call
Positive
Record Cash Flow Increase: 1. Record Operating Cash Flows: Wheaton Precious Metals achieved record quarterly operating cash flows of $254 million, marking a nearly 50% increase or $83 million from the previous quarter.
Revenue Surge: 2. Increased Revenue: The company reported a 38% increase in revenue to $308 million, driven by strong commodity prices and solid production levels.
Cash and Credit Flexibility: 3. Strong Cash Position: As of September 30, 2024, Wheaton had approximately $700 million in cash and a fully undrawn $2 billion revolving credit facility, providing significant financial flexibility.
Dividend Growth Announcement: 4. Dividend Increase: The Board declared a quarterly dividend of $0.155 per share, reflecting a 3% increase from the prior year, demonstrating commitment to returning value to shareholders.
Production Growth Forecast: 5. Significant Production Growth Forecast: Wheaton's production is forecasted to increase at an industry-leading rate of approximately 40% to over 800,000 gold equivalent ounces by 2028, supported by ongoing development projects.
Negative
Gold Production Decline: 1. Decline in Gold Production: Salobo's gold production decreased by approximately 9% year-over-year, while Constancia's gold production fell by 45%, primarily due to lower grades and planned stripping activities.
Silver Production Decline: 2. Lower Silver Production: Constancia's silver production dropped by about 7% compared to the same quarter last year, attributed to lower grades and recoveries.
Care and Maintenance Announcement: 3. Stillwater West Operations on Care and Maintenance: Sibanye announced that Stillwater West operations are being placed into care and maintenance due to low platinum and palladium prices, with 2025 production expected to be 40% to 45% lower than historical levels.
Global Minimum Tax Impact: 4. Increased Global Minimum Tax Expense: The company incurred a $28 million global minimum tax expense, which partially offset the increased gross margin, impacting net earnings despite a year-over-year increase.
Production Forecast Uncertainty: 5. Production Guidance Uncertainty: The original stream agreement for the Copper World project is under review for renegotiation, with expectations of lower gold equivalent ounces delivered than initially planned, creating uncertainty in future production forecasts.
WPM FAQs
How does WPM typically perform around its earnings report dates?
Is Wheaton Precious Metals Corp. (WPM) Q3 2024 Earnings Call Summary positive or negative?
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WPM Earning Call Sentiment
Wheaton Precious Metals Corp. (WPM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
WPM.N
1.91%Positive
The earnings call summary presents a mixed picture. Financial performance is strong with increased revenue and net earnings, and a solid balance sheet. However, production risks, regulatory challenges, and supply chain issues pose concerns. The Q&A section indicates some uncertainty in management's responses, particularly regarding future negotiations. While there is a positive dividend increase, the potential production decrease and global tax expense could offset gains. Overall, the sentiment is neutral as the positive financials are balanced by operational risks and uncertainties.
