Wheaton Precious Metals Corp reports results for the quarter ended March 31 - Earnings Summary

• Wheaton Precious Metals Corp WPM.TO reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of twelve analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 43 cents to 62 cents per share.

• Revenue rose 68.2% to $503.17 million from a year ago; analysts expected $435.02 million.

• Wheaton Precious Metals Corp's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $253.98 million.

• Wheaton Precious Metals Corp shares had risen by 9.8% this quarter and gained 75.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.1% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "buy"

• Wall Street's median 12-month price target for Wheaton Precious Metals Corp is $104.95, about 4.9% above its last closing price of $99.79

This summary was machine generated from LSEG data August 8 at 04:32 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)