Movement Alert|Wheaton Precious Metals Rises 5.72% in Regular Trading, Bullish Sentiment Surges Ahead of Earnings Release

Market Focus08-05 21:41

On August 5, Wheaton Precious Metals rose 5.72% in regular trading, trading at $122.07/share, with turnover of $29.31 million.

On the news front, the company is scheduled to release its latest quarterly earnings after market close on August 6. Consensus estimates point to quarterly revenue of $970 million, representing a 122.97% year-over-year increase, and adjusted earnings per share of $1.31, up 136.10% year-over-year. FactSet compiled analyst target prices show a mean of $170.23, implying approximately 40% upside from the current level.

The company has delivered earnings beats for multiple consecutive quarters. Last quarter, revenue of $901 million and adjusted EPS of $1.28 both exceeded market estimates. Combined with broad strength across the gold sector, pre-positioning activity has been evident. Within the Gold sector, Agnico Eagle Mines rose 6.18%, Newmont Mining rose 5.55%, Barrick Mining Corporation rose 4.74%, Pan American Silver rose 4.70%, and Coeur Mining rose 4.26%.

(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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