By Ketki Saxena
Investing.com -- Wheaton Precious Metals Corp (TSX:WPM), a Canadian mining company with a market cap of C$28.30B, is set to report earnings tomorrow, Thursday, March 10. Year to date, WPM stock has delivered a 14.8% total price return to investors. WPM stock has delivered 8.9% returns in the last 7 days alone, as gold and other precious metals, particularly palladium, spiked based on the Russia-Ukraine conflict.
At time of writing, Gold has retreated to USD$1992.76, after nearly touching its all-time high of USD$ 2072, reached in August 2020. {{8883|Palladium} fell sharply today after hitting a record high of USD$ 3,440.76 on Monday, based on fears of supply disruptions from Russia, the top producer of the precious metal.
What to expect at Wheaton Precious Metals Earnings Tomorrow
Adjusted earnings per share are expected at C$ 0.30 on revenue of C$ 288 M, compared to EPS of C$ 0.33 on Revenue of C$286.2 M this time last year. In the previous quarter, Wheaton Precious metals posted adjusted EPS of C$ 0.30, or an 8.3% negative surprise, on revenue of C$269 M, which fell 11.9% short of analyst expectations.
Wheaton Precious Metals Stock Fair Value, Financial Upside
As of 12:35 P.M ET, Wheaton shares were trading at C$ 61.69, down C$0.62 (-1.00%) in the day’s trading, and with a 52-week range of C$ 45.76 - 64.59. Investing Pro models indicate a fair price target of C$ 57.84, representing a downside potential of -6.1%. Investors should also note the following positive indicators and risk factors for Wheaton Precious Metals.
Positive Indicators: Wheaton is one of the only Canadian mining companies with a perfect Piotroski score of 9, indicating an optimal score on the health of its Liquid Balance Sheets, Profitability, and Operating Efficiency.
Risk Factors: Wheaton is trading at a high revenue valuation multiple of 17.9x which Investing Pro Models flag as a potential risk factor.
All currencies CAD, unless noted otherwise.
All data from Investing Pro.