On August 4, Wheaton Precious Metals rose 3.23% in regular trading, trading at $115.745/share, with turnover of $43.74 million.
On the news front, the company is scheduled to report its latest quarterly earnings on August 6 after market close. Market consensus expects revenue of $970 million, representing a 122.97% year-over-year increase, and adjusted EPS of $1.31, up 136.10% year-over-year. The FactSet analyst mean target price stands at $170.23, implying significant upside from the current level. Institutional sentiment remains predominantly bullish with Buy ratings maintained across major coverage.
Supporting the optimism, the company has delivered consecutive quarters of earnings beats. Last quarter, revenue of $901.5 million exceeded the FactSet estimate of $868.4 million, while adjusted EPS of $1.28 surpassed the $1.24 consensus by 3.23%. The strong earnings trajectory reflects favorable precious metals pricing and portfolio expansion.
Within the Gold sector, the broader group traded higher. Among individual stocks, Agnico Eagle Mines up 3.96%, Newmont Mining up 2.39%, Barrick Mining up 2.76%, Equinox Gold up 4.14%, Coeur Mining up 5.43%.
(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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