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Wheaton Precious Metals (WPM)
:WPM
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.46Last Year’s EPS
0.36Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -10.09%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for Wheaton Precious Metals, with record cash flows, strong financial health, and strategic growth initiatives. Despite some operational challenges at certain assets, the company remains on track to achieve its production guidance and continues to expand its portfolio with significant streaming agreements.Company Guidance
During the Wheaton Precious Metals Q3 2024 earnings call, the company provided a comprehensive overview of its financial and operational performance, highlighting several key metrics. Wheaton reported record quarterly operating cash flows of $254 million, driven by strong commodity prices and robust production levels. The company is on track to meet its 2024 production guidance of 550,000 to 620,000 gold equivalent ounces, having produced approximately 450,000 ounces year-to-date. The third quarter saw sales volumes of 123,000 gold equivalent ounces, marking a 10% increase compared to the prior year. Revenue for the quarter rose by 38% to $308 million, with 61% attributable to gold and 37% to silver. The company's balance sheet remains strong, with $700 million in cash and a $2 billion undrawn revolving credit facility. Wheaton also declared a quarterly dividend of $0.155 per share. Additionally, the company announced two new precious metal streaming agreements, including a significant $625 million gold stream on Montage’s Koné Project, further enhancing its growth trajectory.Record Quarterly Operating Cash Flows
Wheaton Precious Metals achieved record quarterly operating cash flows of $254 million, indicating strong financial health and efficient operations.
Strong Production and Guidance On Track
The company has produced approximately 450,000 gold equivalent ounces year-to-date, on track to meet the 2024 production guidance of 550,000 to 620,000 gold equivalent ounces.
Accretive Precious Metal Streaming Agreements
Wheaton announced two significant streaming agreements: an expansion on Rio2's Fenix Project for $100 million and a new $625 million gold stream on Montage's Koné Project.
Strong Financial Position
The balance sheet remains strong with $700 million cash and a $2 billion undrawn revolving credit facility, providing financial flexibility for future investments.
Increased Revenue and Net Earnings
Revenue increased by 38% to $308 million, with net earnings rising to $155 million, despite a $28 million global minimum tax expense.
Future of Mining Challenge
Wheaton launched the inaugural Future of Mining Challenge, awarding $1 million to ventures focused on minimizing environmental impacts and improving industry productivity.
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WPM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WPM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $64.25 | $64.66 | +0.64% |
| Aug 07, 2024 | $53.13 | $54.10 | +1.83% |
| May 09, 2024 | $55.35 | $54.52 | -1.50% |
| Mar 14, 2024 | $44.53 | $43.94 | -1.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wheaton Precious Metals (WPM) report earnings?
Wheaton Precious Metals (WPM) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Wheaton Precious Metals (WPM) earnings time?
Wheaton Precious Metals (WPM) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WPM EPS forecast?
WPM EPS forecast for the fiscal quarter 2024 (Q4) is 0.46.
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