Wheaton Precious Metals(WPM)

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Wheaton Precious Metals Announces Passing of Founding Director
Prnewswire· 2025-05-06 01:30
Core Viewpoint - Wheaton Precious Metals Corp. announced the passing of founding board member Peter Gillin, who significantly contributed to the company's growth and success over his two-decade tenure on the Board of Directors [1][2][3]. Company Contributions and Leadership - Peter Gillin had over 40 years of experience in the mining and financial sectors, serving as a dedicated board member for more than 20 years [2]. - He held key positions including former Chair of the Compensation Committee and was a member of the Governance and Sustainability and Audit Committees, where his leadership was vital for Wheaton's development [2]. - The company plans to honor Mr. Gillin's legacy by increasing its contribution to the Heart and Stroke Foundation of Canada [3]. Company Overview - Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, boasting a high-quality portfolio of long-life, low-cost assets [4]. - The company's business model provides investors with leverage to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining companies [4]. - Wheaton achieves some of the highest cash operating margins in the mining industry, enabling it to pay competitive dividends and pursue growth through accretive acquisitions [4].
Investing Like a Pro: The One Trigger That Predicts Explosive Gains
ZACKS· 2025-05-05 16:30
Group 1: Investment Strategy - The importance of a disciplined, rule-based investment strategy is emphasized, which helps investors avoid emotional decision-making [1][2] - The Zacks Rank system is highlighted as a mechanical strategy that has consistently outperformed the market, particularly through analyzing earnings estimate revisions [3][11] Group 2: Company Overview - Wheaton Precious Metals (WPM) is identified as a leading precious metals streaming company with interests in 23 operating mines and 13 development projects [5] - The company has consistently exceeded earnings estimates over the past eight quarters, achieving a trailing four-quarter average earnings surprise of 9.5% [6][11] Group 3: Earnings Performance - WPM's stock has returned 57.5% over the past year and is up more than 45% in 2025, despite a market correction [6] - Analysts have raised WPM's second-quarter earnings estimates by 16.28%, with the Zacks Consensus Estimate now at $0.50 per share, indicating a potential growth of 38.9% year-over-year [10] Group 4: Earnings Surprise Prediction - The Zacks Earnings ESP model aims to identify companies with positive earnings estimate revisions, which can predict future performance [8] - WPM holds a Zacks Rank 2 (Buy) and has a +1.4% Earnings ESP, suggesting a potential earnings beat in the upcoming Q2 report [9]
WPM Gears Up to Report Q1 Earnings: What's in Store for the Stock?
ZACKS· 2025-05-05 16:01
Core Viewpoint - Wheaton Precious Metals (WPM) is expected to report strong first-quarter 2025 results, with significant growth in sales and earnings compared to the previous year, driven by higher gold and silver prices despite lower sales volumes [1][4][12]. Financial Performance - The Zacks Consensus Estimate for WPM's first-quarter sales is $414.98 million, reflecting a 39.8% increase from the prior-year quarter [1]. - The consensus estimate for earnings is 50 cents per share, indicating a year-over-year growth of 39% [1]. - Earnings estimates have increased by 16.3% over the past 60 days [1]. Production and Sales Outlook - WPM projects an attributable production of 600,000-670,000 gold equivalent ounces (GEOs) for 2025, representing a 10% year-over-year increase [4]. - The first-quarter production is estimated at 155,606 GEOs, accounting for 24% of the yearly total, which indicates a 2% decline year-over-year [5]. - Gold production is projected at 92,438 ounces, a slight increase of 0.5% year-over-year [6]. - Silver production is expected to be 4.46 million ounces, with a realized price of approximately $30.95 per ounce, a 30% increase year-over-year [11]. Price Performance - WPM's stock has increased by 22.6% over the past three months, outperforming the industry, which has seen a 2% decline [13].
Gear Up for Wheaton Precious Metals (WPM) Q1 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2025-05-05 14:21
Core Viewpoint - Wheaton Precious Metals Corp. is expected to report a significant increase in quarterly earnings and revenues, indicating strong performance compared to the previous year [1]. Earnings and Revenue Estimates - The anticipated earnings per share (EPS) for the upcoming quarter is $0.50, reflecting a 38.9% increase year over year [1]. - Analysts forecast revenues of $414.98 million, which represents a 39.8% year-over-year increase [1]. - Over the past 30 days, the consensus EPS estimate has been revised upward by 13.2%, indicating a positive reassessment by analysts [2]. Sales Projections - Analysts predict 'Sales- Gold- Stillwater' to reach $5.58 million, a year-over-year increase of 14.2% [5]. - 'Sales- Silver' is estimated at $137.99 million, showing a significant increase of 42.8% from the previous year [5]. - The combined assessment for 'Sales- Palladium' is projected at $2.63 million, indicating a decline of 43.8% year over year [5]. - 'Sales- Cobalt' is expected to reach $5.44 million, reflecting a 13.7% increase from the prior year [6]. Production Estimates - The consensus for 'Units Produced - Gold - Sudbury' is 6.30 Oz, down from 7.05 Oz reported in the same quarter last year [7]. - 'Units Produced - Gold - Salobo' is projected at 58.33 Oz, compared to 61.62 Oz in the previous year [7]. - 'Units Produced - Gold - Constancia' is estimated at 10.19 Oz, down from 13.9 Oz year over year [8]. - 'Units Produced - Silver - Antamina' is expected to reach 1,068.31 Oz, an increase from 806 Oz reported last year [8]. - 'Units Produced - Silver - Constancia' is projected at 695.75 Oz, up from 640 Oz in the previous year [9]. Market Performance - Over the past month, Wheaton Precious Metals shares have increased by 14%, outperforming the Zacks S&P 500 composite, which saw a change of +0.4% [9]. - The company holds a Zacks Rank 2 (Buy), suggesting it is likely to outperform the market in the upcoming period [9].
Wheaton Precious Metals Corp. (WPM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-05-01 15:08
Core Viewpoint - The market anticipates Wheaton Precious Metals Corp. (WPM) will report a year-over-year increase in earnings and revenues for the quarter ended March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate for quarterly earnings is $0.50 per share, reflecting a year-over-year increase of +38.9% [3]. - Expected revenues are $414.98 million, which is a 39.8% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 13.46% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate is higher than the Zacks Consensus Estimate, leading to an Earnings ESP of +1.40% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Stocks with this combination have historically produced a positive surprise nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Wheaton Precious Metals met the consensus EPS estimate of $0.44, resulting in no surprise [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Conclusion - Wheaton Precious Metals is positioned as a compelling earnings-beat candidate, but investors should consider other factors influencing stock performance ahead of the earnings release [16].
Wheaton Precious Metals to Release 2025 First Quarter Results on May 8, 2025
Prnewswire· 2025-04-22 21:00
VANCOUVER, BC, April 22, 2025 /PRNewswire/ - Wheaton Precious Metals™ Corp. will release its 2025 first quarter results on Thursday, May 8, 2025, after market close. A conference call will be held on Friday, May 9, 2025, starting at 11:00 am ET (8:00 am PT) to discuss these results. To participate in the live call, please use one of the following methods: RapidConnect URL: Click here Live webcast: Click here Dial toll free: 1-888-510-2154 or 1-437-900-0527 ...
Wheaton Precious Metals Provides Details of Annual and Special Meeting of Shareholders and Files Form 40-F
Prnewswire· 2025-03-31 21:21
Core Insights - Wheaton Precious Metals Corp. has filed its Form 40-F report with the Securities and Exchange Commission, and the 2024 audited financial statements are available on the company's website [1][2] Company Information - Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, boasting a high-quality portfolio of long-life, low-cost assets [7] - The company's business model provides investors with leverage to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining companies [7] - Wheaton delivers some of the highest cash operating margins in the mining industry, enabling it to pay competitive dividends and pursue growth through accretive acquisitions [7] - The company has consistently outperformed gold and silver, as well as other mining investments, and is committed to strong ESG practices and community support [7] Shareholder Meeting - Wheaton is scheduled to hold its Annual and Special Meeting of Shareholders on May 9, 2025, at 10:30 a.m. Pacific Time, both virtually and at its Vancouver office [3] - The company encourages shareholders to participate in the online virtual meeting platform, where they can listen live and submit votes in real time if registered [4][5] - Important technical reminders and voting instructions for the meeting will be available on the company's website [6]
WPM Q4 Earnings Match Estimates, Revenues Rise Y/Y on Higher Prices
ZACKS· 2025-03-18 16:35
Wheaton Precious Metals (WPM) reported adjusted earnings per share of 44 cents in fourth-quarter 2024, in line with the Zacks Consensus Estimate. The bottom line increased 21% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Including an impairment charge related to Voisey’s Bay agreement due to a significant and sustained decline in market cobalt prices, WPM reported earnings per share of 19 cents compared with 37 cents in the fourth quarter of 2023.Wheaton Precious’ Q4 ...
Wheaton Precious Metals(WPM) - 2024 Q4 - Earnings Call Transcript
2025-03-14 22:10
Financial Data and Key Metrics Changes - Wheaton Precious Metals achieved record revenue of approximately $1.3 billion in 2024, a 26% increase from the previous year, driven by a 20% rise in realized commodity prices and a 5% increase in sales volumes [31] - Adjusted net earnings reached a record $640 million, up 20% year-over-year, with adjusted earnings per share at $0.44, a 21% increase [30][31] - The company reported record quarterly revenue of $381 million in Q4 2024, with a gross margin of $247 million, reflecting increases of 21% and 40% respectively compared to Q4 2023 [27] Business Line Data and Key Metrics Changes - Annual production totaled 635,000 gold equivalent ounces (GEOs), exceeding the top end of production guidance for the year [8] - In Q4 2024, Salobo produced 84,000 ounces of attributable gold, a 17% increase from Q4 2023, while silver production increased by 16% to 970,000 ounces [17][18] - Penasquito's silver production surged by approximately 138% year-over-year, producing over 2.4 million ounces in Q4 2024 [21] Market Data and Key Metrics Changes - The company anticipates a production increase in 2025, projecting attributable production of 350,000 to 390,000 ounces of gold and 20.5 million to 22.5 million ounces of silver [25] - The five-year production forecast estimates a 40% increase to 870,000 GEOs by 2029, driven by new projects and existing operations [11][25] Company Strategy and Development Direction - Wheaton is focused on reinforcing its growth profile through strategic acquisitions, having committed $910 million on four precious metals transactions in 2024 [37] - The company aims to maintain a strong balance sheet to capitalize on future opportunities while committing to a progressive dividend policy [52][46] - Wheaton has been recognized for its sustainability efforts, being one of only two resource-focused companies to be included in the 2025 Global 100 Most Sustainable Corporations [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong cash flows and a robust pipeline of development projects [45][34] - The CEO highlighted the importance of maintaining a healthy balance sheet to take advantage of investment opportunities in a strong gold market [52][63] Other Important Information - The company declared a quarterly dividend of 16.5 cents per share, a 6.5% increase from the previous quarter, reflecting a commitment to returning value to shareholders [35] - An impairment charge of $109 million was recognized due to a decline in market cobalt prices, impacting net earnings [29][30] Q&A Session Summary Question: Dividend Payout Ratio - The management acknowledged that the current payout ratio is lower than the previously discussed range, emphasizing the need to balance cash reserves for future opportunities [51][52] Question: Capital Deployment in 2025 - Management indicated that they expect to deploy a similar amount of capital in 2025 as in 2024, focusing on high-quality transactions [59][60] Question: Production Guidance for New Mines - Management provided guidance indicating a bias towards higher production in the second half of 2025, estimating 45% in the first half and 55% in the second half [77] Question: Salobo Production Profile - Management described Salobo's production profile as static over the next few years, with expected grade fluctuations typical of open-pit operations [144]
Wheaton Precious Metals (WPM) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-03-14 00:00
Core Insights - Wheaton Precious Metals Corp. reported revenue of $380.52 million for Q4 2024, a year-over-year increase of 21.4% [1] - The company's EPS for the same period was $0.44, compared to $0.36 a year ago, with no EPS surprise against the consensus estimate [1] Financial Performance - Revenue of $380.52 million was slightly below the Zacks Consensus Estimate of $380.74 million, representing a surprise of -0.06% [1] - The stock has returned +4.2% over the past month, outperforming the Zacks S&P 500 composite, which declined by -7.4% [3] Key Metrics - Units Sold - GEOs: 142.56 Oz, below the average estimate of 145.19 Oz [4] - Units Sold - Silver: 4,307 Oz, below the average estimate of 4,856.09 Oz [4] - Units Produced - Gold - Sudbury: 5 Oz, below the average estimate of 6.09 Oz [4] - Units Produced - Gold - Salobo: 84.29 Oz, above the average estimate of 59.03 Oz [4] - Sales - Palladium: $4.47 million, exceeding the average estimate of $3.22 million, with a year-over-year change of +25% [4] - Sales - Silver: $134.73 million, below the average estimate of $148.53 million, but a +78.5% change year-over-year [4] - Sales - Gold: $234.69 million, slightly above the average estimate of $223.24 million, with a +1.7% year-over-year change [4] - Sales - Gold - Salobo: $147.61 million, slightly below the average estimate of $148.41 million, with a -4% year-over-year change [4] - Sales - Gold - Sudbury: $10.97 million, below the average estimate of $15.42 million, with an +8.2% year-over-year change [4] - Sales - Cobalt: $6.63 million, exceeding the average estimate of $3.16 million, with a +78.3% year-over-year change [4] - Sales - Gold - Constancia: $47.82 million, above the average estimate of $32.88 million, with a +19.7% year-over-year change [4] - Sales - Silver - Antamina: $27.01 million, below the average estimate of $29.78 million, with a +3.7% year-over-year change [4]