- Wheaton Precious Metals reported first quarter results where gold production increased by 28% year-on-year to reach 93,370 ounces, beating the estimated 87,208 ounces.
- Silver production for Wheaton also showed a growth by 11% year-on-year with 5,476 ounces. This is an increase as compared to the estimate of 4.62 million ounces.
- They reported an adjusted EPS of 36.1c, which shows a growth from the 23.1c year-on-year, and is higher than the estimated 29.4c.
- The realized price per ounce for silver stood at $23.77, presenting a 4% growth year-on-year. This was higher than the estimated price of $23.05.
- The realized price per ounce for gold was reported at $2,073, showing an increase of 13% year-on-year.
- Gold sales volume displayed an increase by 22% year-on-year with a volume of 143,184 ounces.
- Silver sales volume was reported at 4,067 ounces.
- Despite these increases, revenue saw a significant drop to $0.3 million from the previous year’s $214.5 million, falling short of the estimated $288.6 million.
- At present, Wheaton Precious Metals corp. is recommended with 12 buys, 3 holds and no sells.
A look at Wheaton Precious Metals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Wheaton Precious Metals Corp., a company that specializes in precious metals streaming, is positioned for a positive long-term outlook based on the Smartkarma Smart Scores. With a strong Momentum score of 4, the company shows promising growth potential in the future. This indicates that Wheaton Precious Metals is likely to maintain its upward trend and continue to perform well in the market.
Additionally, the company scores well in terms of Resilience, Value, and Growth, all receiving scores of 3. This suggests that Wheaton Precious Metals is well-positioned to weather market fluctuations, offers good value for investors, and has the potential for sustainable growth. Although the Dividend score is slightly lower at 2, the overall outlook for Wheaton Precious Metals appears to be positive, making it a company to watch for potential long-term investment opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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