Movement Alert|Wheaton Precious Metals Rises 3.02% in Regular Trading, Consensus Expects 122% Revenue Growth Ahead of Earnings

Market Focus
Jul 31

On July 31, Wheaton Precious Metals rose 3.02% in regular trading, trading at $112.85/share, with turnover of $59.37 million.

On the news front, the company is scheduled to report quarterly earnings on August 6 after market close. Market consensus points to revenue of $970 million, representing a 122.97% year-over-year increase; adjusted EPS of $1.31, up 136.10%; and EBIT of $611 million, up 115.08%. Analyst sentiment remains predominantly bullish, with the average rating at Buy and a mean price target of $170.23.

The strong expectations are supported by consecutive quarters of earnings beats. Last quarter, the company posted revenue of $901.5 million, exceeding the FactSet estimate of $868.4 million, while adjusted EPS of $1.28 beat the $1.24 consensus by 3.23%. Within the Gold sector, the broader group traded higher, with Coeur Mining up 3.93%, Newmont Mining up 3.4%, Agnico Eagle Mines up 3.31%, and Barrick Mining up 2.59%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10