- Wheaton Precious Metals reported a 62% year-over-year increase in attributable gold production, with 113,359 ounces produced. This surpassed the estimated production of 111,335 ounces.
- However, silver production saw a decrease of 21% year-over-year, with only 4,208 ounces produced. This was lower than the estimated 4.37 million ounces.
- The adjusted EPS was 36.3c, a significant increase from the previous year’s 22.9c and higher than the estimated 32.4c.
- The realized gold price per ounce was $1,931, a 16% increase year-over-year and slightly higher than the estimated $1,929.
- Gold sales volume was up 14% year-over-year with 162,360 ounces sold.
- However, silver sales volume was at 3,175 ounces.
- Revenue for the 4th quarter was $313 million, a 33% increase from the previous year and significantly higher than the estimated $290.7 million.
- For 2024, GEO production is expected to be similar to 2023 levels. This is due to stronger attributable production from Peñasquito and Voisey’s Bay being offset by lower production from Salobo, the suspension of operations at Minto, and the temporary halt of production at Aljustrel.
- The company has recouped over 100% of the value of their initial upfront investments since inception. This is a significant achievement given the substantial reserve and resource base supporting their portfolio and the decades of forecasted remaining mine life.
- There are currently 12 buys, 4 holds, and 0 sells for Wheaton Precious Metals.
A look at Wheaton Precious Metals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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. is a company that specializes in streaming precious metals, specifically gold and silver. This means that they provide upfront financing to mining companies in exchange for the right to purchase a portion of the metals produced at a discounted price. This unique business model has helped the company become a major player in the precious metals industry, with a global customer base.
Based on the Smartkarma Smart Scores, Wheaton Precious Metals has a positive long-term outlook. With a value score of 3, the company is considered to be trading at a fair price. While its dividend score of 2 is not the highest, it still indicates that the company offers a decent dividend to its investors. In terms of growth, Wheaton Precious Metals scores a 3, suggesting that the company has potential for future growth. Its strong resilience score of 4 demonstrates its ability to withstand market fluctuations. Additionally, with a momentum score of 4, the company is showing positive momentum in the market. Overall, Wheaton Precious Metals is a company worth keeping an eye on in the precious metals industry.
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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