Wheaton Precious Metals(WPM)

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Analysts Estimate Wheaton Precious Metals Corp. (WPM) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-07-31 15:06
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 7. On the other hand, if they miss, the stock may move lower. This company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of -3.2%. Estimate Revisions Trend Earnings Whisper The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Acc ...
Are You Looking for a Top Momentum Pick? Why Wheaton Precious Metals Corp. (WPM) is a Great Choice
ZACKS· 2024-07-24 17:00
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Let's discuss some of the components of the Momentum Style Score for WPM that show why this company shows promise as a solid momentum pick. Earnings Outlook Momentum investing is all abo ...
Why Wheaton Precious Metals (WPM) is Poised to Beat Earnings Estimates Again
ZACKS· 2024-07-08 17:10
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Wheaton Precious Metals Corp. (WPM) , which belongs to the Zacks Mining - Miscellaneous industry. When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 18.32%, on average, in the last two quarters. For the most recent quarter, Wheaton Precious Metals was expected t ...
Wheaton Precious Metals(WPM) - 2023 Q4 - Earnings Call Transcript
2024-03-15 18:52
Wheaton Precious Metals Corp. (NYSE:WPM) Q4 2023 Earnings Conference Call March 15, 2024 11:00 AM ET Company Participants Emma Murray - VP, Investor Relations Randy Smallwood - President and Chief Executive Officer Gary Brown - Senior Vice President & Chief Financial Officer Haytham Hodaly - Senior Vice President, Corporate Development Curt Bernardi - Senior Vice President, Legal and Corporate Secretary Wes Carson - Vice President, Mining Operations Conference Call Participants Richard Hatch - Berenberg Tan ...
Wheaton Precious Metals(WPM) - 2024 Q1 - Quarterly Report
2024-03-14 16:00
Management's Discussion and Analysis of Results of Operations and Financial Condition for the Year Ended December 31, 2023 This Management's Discussion and Analysis ("MD&A") should be read in conjunction with Wheaton Precious Metals Corp.'s ("Wheaton" or the "Company") consolidated financial statements for the year ended December 31, 2023 and related notes thereto which have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standa ...
Wheaton Precious Metals(WPM) - 2023 Q3 - Earnings Call Transcript
2023-11-10 18:36
Wheaton Precious Metals Corp. (NYSE:WPM) Q3 2023 Results Conference Call November 10, 2023 11:00 AM ET Company Participants Emma Murray - VP, IR Randy Smallwood - President and CEO Gary Brown - SVP and CFO Haytham Hodaly - SVP, Corporate Development Wes Carson - VP, Mining Operations Conference Call Participants Richard Hatch - Berenberg Tanya Jakusconek - Scotiabank Cosmos Chiu - CIBC John Tumazos - John Tumazos Very Independent Research Operator Good morning, ladies and gentlemen. Thank you for standing b ...
Wheaton Precious Metals(WPM) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
EX99-2 Version 14 Management's Discussion and Analysis of Results of Operations and Financial Condition for the Three and Nine Months Ended September 30, 2023 This Management's Discussion and Analysis ("MD&A") should be read in conjunction with Wheaton Precious Metals Corp.'s ("Wheaton" or the "Company") unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2023 and related notes thereto which have been prepared in accordance with IAS 34, Interim Fin ...
Wheaton Precious Metals Corp. (WPM) John Tumazos Very Independent Research Conference (Transcript)
2023-10-10 18:49
Wheaton Precious Metals Corp. (NYSE:WPM) John Tumazos Very Independent Research Conference October 10, 2023 12:15 PM ET Company Participants Randy Smallwood - President and Chief Executive Officer Conference Call Participants John Tumazos - Very Independent Research John Tumazos Good afternoon. We're so pleased today to host Randy Smallwood, the President and CEO of Wheaton Precious Metals. He and his company pioneered streaming almost a generation ago and then build a tremendous asset with, family of asset ...
Wheaton Precious Metals Corp. (WPM) Gold Forum Americas Conference (Transcript)
2023-09-21 03:38
Wheaton Precious Metals Corp. (NYSE:WPM) Gold Forum Americas Conference September 19, 2023 2:30 PM ET Company Participants Randy Smallwood - President and Chief Executive Officer Conference Call Participants Cosmos Chiu - CIBC World Markets Cosmos Chiu Great. Next up, we have Randy Smallwood, President and CEO of Wheaton Precious Metals. I was flipping through the pages, trying to find Randy's biography. I'm not sure why. We all know Randy. And I know Randy. So, Randy. Randy Smallwood Thank you, Cosmos. And ...
Wheaton Precious Metals(WPM) - 2023 Q2 - Earnings Call Transcript
2023-08-11 17:46
Financial Data and Key Metrics Changes - The company generated over $200 million in operating cash flow and over $140 million in net earnings for the second quarter of 2023 [4][9] - Revenue amounted to $265 million with a gross margin of $152 million, reflecting strong commodity prices and a solid production base [22] - Adjusted net earnings were $143 million, a decrease of $7 million compared to the second quarter of 2022, impacted by changes in production and sales timing [145] Business Line Data and Key Metrics Changes - Salobo produced 54,800 ounces of attributable gold in Q2 2023, a 61% increase compared to Q2 2022, driven by the ramp-up of Salobo 3 [32] - Peñasquito produced 1.7 million ounces of attributable silver, a decrease of approximately 17% year-over-year due to lower throughput and operations being suspended [143] - Overall production in Q2 amounted to 148,000 gold equivalent ounces, a 3% increase from Q1 2023 but a 5% decrease from the same period last year [34] Market Data and Key Metrics Changes - The company expects attributable production in 2023 to be approximately 600,000 to 660,000 gold equivalent ounces, unchanged from previous guidance [21][123] - The company reported a significant cash balance of $829 million as of June 30, 2023, providing financial flexibility for future investments [135] Company Strategy and Development Direction - The company is focused on adding accretive, high-quality streams to its portfolio, with a growth pipeline forecasted to achieve over 40% production growth in the next five years [18][147] - Recent acquisitions include a gold stream on Lumina Gold's Cangrejos Project and an expansion of the existing gold stream on Artemis Gold's Blackwater Project [10][142] - The company emphasizes sustainability and community engagement in its operations, as demonstrated by the release of its Annual Sustainability Report [12][131] Management's Comments on Operating Environment and Future Outlook - Management noted a healthy appetite for streaming as a source of capital for the mining industry, with ongoing efforts to pursue new opportunities [5] - The company remains optimistic about production growth despite challenges at Peñasquito, expecting operations to resume by the end of Q3 2023 [21][123] - Management highlighted the importance of community support in mitigating country risk, particularly in Ecuador [41][126] Other Important Information - The company declared a quarterly dividend of $0.15 per share, consistent with the second quarter of 2022 [9] - The company made total upfront cash payments of $89 million during the quarter for various projects [9] Q&A Session Summary Question: Update on Salobo ramp-up and payment timing - Management indicated that the ramp-up is progressing well and they are hopeful to make the payment this year if production targets are met [13][27] Question: Thoughts on Ecuador and Cangrejos project - Management acknowledged country risk but emphasized strong community support for the Cangrejos project, which is crucial for successful operations [41][126] Question: Production expectations for Salobo in the second half of the year - Management expects continued growth at Salobo, with plans to meet the first phase of the expansion payment [42][44] Question: Impact of Peñasquito's suspension on sales - Management confirmed that Peñasquito's suspension would impact sales in Q3, but they expect to remain within guidance [70][82] Question: Future dividend policy and cash flow - Management stated that the current strong cash flow supports the existing dividend policy, with no immediate changes expected [72][86]