On August 5, Wheaton Precious Metals rose 3.11% in pre-market trading, trading at $119.075/share, with turnover of $107,700.
On the news front, the company is scheduled to release its latest quarterly earnings after market close on August 6. Market consensus points to revenue of $970 million, representing a 122.97% year-over-year increase, with adjusted earnings per share of $1.31, up 136.10% from the prior year. Analyst sentiment remains predominantly bullish, with the FactSet mean price target at $170.23, implying approximately 40% upside from current levels.
The pre-earnings optimism is further supported by the company's consistent beat record. Last quarter, Wheaton posted revenue of $901.5 million versus a FactSet estimate of $868.4 million, and adjusted EPS of $1.28 versus the $1.24 consensus, marking another consecutive quarter of outperformance. The broader gold sector also showed strength on the session, with peers including Anglogold Ashanti up 4.87%, Coeur Mining up 3.7%, and Newmont Mining up 3.29%, reinforcing sector-wide tailwinds.
(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.)
Comments