On August 7, Wheaton Precious Metals rose 3.39% in pre-market trading, trading at $129.55/share, with turnover of $142,300.
The movement follows the company's Q2 earnings release after market close on August 6. Wheaton Precious Metals reported quarterly revenue of $929.2 million, exceeding the FactSet estimate of $879.3 million by approximately 5.7%. However, adjusted earnings per share came in at $1.19, missing the analyst consensus estimate of $1.23 by 3.25%. Despite the EPS shortfall, the figure represents an 88.89% year-over-year increase from $0.63 per share in the prior-year period, continuing the company's high-growth trajectory. The market appears to be responding favorably to the revenue outperformance, with the stock having already rallied in the sessions leading up to the earnings release amid bullish institutional sentiment and strength in the broader gold sector. Analysts maintain a mean target price of $170.23, implying significant upside from current levels.
(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.)
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