On July 31, Wheaton Precious Metals rose 3.02% in regular trading, trading at $112.85/share, with turnover of $59.37 million.
On the news front, the company is scheduled to report quarterly earnings on August 6 after market close. Market consensus points to revenue of $970 million, representing a 122.97% year-over-year increase; adjusted EPS of $1.31, up 136.10%; and EBIT of $611 million, up 115.08%. Analyst sentiment remains predominantly bullish, with the average rating at Buy and a mean price target of $170.23.
The strong expectations are supported by consecutive quarters of earnings beats. Last quarter, the company posted revenue of $901.5 million, exceeding the FactSet estimate of $868.4 million, while adjusted EPS of $1.28 beat the $1.24 consensus by 3.23%. Within the Gold sector, the broader group traded higher, with Coeur Mining up 3.93%, Newmont Mining up 3.4%, Agnico Eagle Mines up 3.31%, and Barrick Mining up 2.59%.
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