Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$126, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Metals and Mining industry in the US. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$112 per share. Buy Or Sell Opportunity • May 29
Now 22% overvalued Over the last 90 days, the stock has fallen 19% to US$133. The fair value is estimated to be US$108, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Announcement • May 11
Wheaton Precious Metals Corp. Announces Board Changes Wheaton Precious Metals Corp. announced Randy V.J. Smallwood has assumed the role of non-executive Chair of the Board, Haytham Hodaly has become a Director and George L. Brack has assumed the role of Lead Independent Director. Reported Earnings • May 11
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$1.28 (up from US$0.56 in 1Q 2025). Revenue: US$901.5m (up 92% from 1Q 2025). Net income: US$582.0m (up 129% from 1Q 2025). Profit margin: 65% (up from 54% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 40% per year. Declared Dividend • May 11
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 27th May 2026 Payment date: 9th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 35%. Buy Or Sell Opportunity • Apr 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to US$148. The fair value is estimated to be US$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Recent Insider Transactions • Mar 19
President recently bought US$1.4m worth of stock On the 17th of March, Haytham Hodaly bought around 10k shares on-market at roughly US$139 per share. This transaction increased Haytham's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Haytham has been a buyer over the last 12 months, purchasing a net total of US$1.5m worth in shares. Declared Dividend • Mar 16
Fourth quarter dividend increased to US$0.20 Dividend of US$0.20 is 18% higher than last year. Ex-date: 31st March 2026 Payment date: 10th April 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 63%. Reported Earnings • Mar 13
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$3.24 (up from US$1.17 in FY 2024). Revenue: US$2.31b (up 80% from FY 2024). Net income: US$1.47b (up 178% from FY 2024). Profit margin: 64% (up from 41% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 13
Wheaton Precious Metals Corp. Announces Quarterly Dividend, Payable on March 31, 2026 Wheaton Precious Metals Corp. announced that its Board of Directors has declared its first quarterly cash dividend payment for 2026 of $0.195 per common share, an 18% increase from the fourth quarterly cash dividend payment for 2025 of $0.165 per common share. The Company declared record dividends during 2025, totaling $0.66 per common share. The first quarterly cash dividend for 2026 will be paid to holders of record of Wheaton common shares as of the close of business on March 31, 2026, and will be distributed on or about April 10, 2026. The ex-dividend trading date is March 31, 2026. Price Target Changed • Feb 08
Price target increased by 8.2% to US$171 Up from US$158, the current price target is an average from 7 analysts. New target price is 26% above last closing price of US$136. Stock is up 105% over the past year. The company is forecast to post earnings per share of US$2.99 for next year compared to US$1.17 last year. Price Target Changed • Jan 26
Price target increased by 8.1% to US$158 Up from US$146, the current price target is an average from 7 analysts. New target price is 6.8% above last closing price of US$148. Stock is up 150% over the past year. The company is forecast to post earnings per share of US$2.90 for next year compared to US$1.17 last year. Price Target Changed • Jan 20
Price target increased by 8.1% to US$149 Up from US$138, the current price target is an average from 7 analysts. New target price is 5.3% above last closing price of US$142. Stock is up 138% over the past year. The company is forecast to post earnings per share of US$2.84 for next year compared to US$1.17 last year. Buy Or Sell Opportunity • Nov 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 6.2% to US$103. The fair value is estimated to be US$83.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 5.7%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Declared Dividend • Nov 10
Third quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 20th November 2025 Payment date: 4th December 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 45%. Announcement • Nov 08
Wheaton Precious Metals™ Corp. Announces Quarterly Dividend, Payable on November 20, 2025 Wheaton Precious Metals™ Corp. announced that its Board of Directors has declared its fourth quarterly cash dividend payment for 2025 of USD 0.165 per common share, an increase of 6.5% relative to the fourth quarterly cash dividend declared in 2024. The fourth quarterly cash dividend for 2025 will be paid to holders of record of Wheaton common shares as of the close of business on November 20, 2025, and will be distributed on or about December 4, 2025. The ex-dividend trading date is November 20, 2025. Reported Earnings • Nov 07
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.81 (up from US$0.34 in 3Q 2024). Revenue: US$476.3m (up 55% from 3Q 2024). Net income: US$367.2m (up 138% from 3Q 2024). Profit margin: 77% (up from 50% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 21
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at US$95.84. The fair value is estimated to be US$123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.3%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Price Target Changed • Oct 12
Price target increased by 8.3% to US$125 Up from US$116, the current price target is an average from 7 analysts. New target price is 19% above last closing price of US$105. Stock is up 74% over the past year. The company is forecast to post earnings per share of US$2.52 for next year compared to US$1.17 last year. Declared Dividend • Aug 11
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 21st August 2025 Payment date: 4th September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 37%. Cash payout ratio: 40%. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.64 (up from US$0.27 in 2Q 2024). Revenue: US$503.2m (up 68% from 2Q 2024). Net income: US$292.3m (up 139% from 2Q 2024). Profit margin: 58% (up from 41% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$2.7m sold). New Risk • Jul 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$2.7m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Jul 03
Independent Chairman recently sold US$1.3m worth of stock On the 30th of June, George Brack sold around 15k shares on-market at roughly US$88.71 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was George's only on-market trade for the last 12 months. Announcement • Jun 19
Wheaton Precious Metals Corp. Announces Senior Management Promotions Wheaton Precious Metals Corp. announced key senior management promotions as the company positions itself for its next era of innovation and growth. The Company will appoint Haytham Hodaly, current Senior Vice President of Corporate Development, to President of the Company. In addition, Curt Bernardi, current Senior Vice President Legal and Strategic Development, will be promoted to Executive Vice President, Strategy and General Counsel. These changes will be effective June 30, 2025. Randy Smallwood remains the Chief Executive Officer at Wheaton. Mr. Hodaly joined Wheaton Precious Metals in 2012 and has played a pivotal role in executing over $10 billion in streaming transactions, significantly enhancing the company's growth trajectory. Prior to his tenure at Wheaton, Mr. Hodaly was a Director and Mining Analyst at RBC Capital Markets, where he provided strategic insights to institutional clients globally. He also co-directed research at Salman Partners Inc., contributing to its establishment as a leading independent, resource-focused investment dealer. An engineer by training, Mr. Hodaly holds a Bachelor of Applied Science in Mining and Mineral Processing Engineering and a Master's degree in Engineering specializing in Mineral Economics, both from the University of British Columbia. Mr. Bernard joined Wheaton Precious Metals in 2008 and has been instrumental in providing strategic direction and expertly structuring many of the Company's key streaming transactions. With a legal career spanning over three decades, he brings deep expertise in corporate finance, mergers and acquisitions, and governance. Prior to joining Wheaton, Mr. Bernardi held senior legal roles at Westcoast Energy, Duke Energy Gas Transmission, and Union Gas. He holds a Bachelor of Commerce from the University of British Columbia and a Bachelor of Law from the University of Toronto and is a member of the Law Society of British Columbia. Buy Or Sell Opportunity • May 12
Now 25% undervalued Over the last 90 days, the stock has risen 18% to US$78.98. The fair value is estimated to be US$106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Declared Dividend • May 12
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 28th May 2025 Payment date: 10th June 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 46%. Cash payout ratio: 34%. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.56 (up from US$0.36 in 1Q 2024). Revenue: US$470.4m (up 59% from 1Q 2024). Net income: US$254.0m (up 55% from 1Q 2024). Profit margin: 54% (down from 55% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • May 07
Wheaton Precious Metals Announces Demise of Peter Gillin, Founding Board Member on May 2, 2025 Wheaton Precious Metals Corp. announced the passing of founding board member, Peter Gillin, who passed away on May 2, 2025, after courageously facing health challenges. Mr. Gillin brought more than four decades of experience in the mining and financial sectors to Wheaton, serving with distinction as a dedicated member of Wheaton's Board of Directors for over twenty years. During his tenure, he held key positions including former Chair of the Compensation Committee, and member of the Governance and Sustainability and Audit Committees, where his leadership and expertise played a vital role in guiding Wheaton's growth and success. Mr. Gillin had previously announced his planned retirement ahead of the Company's 2025 Annual General Meeting. In memory of Mr. Gillin and in honour of his legacy, Wheaton will make an increased contribution to the Heart and Stroke Foundation of Canada to support their ongoing efforts in research, prevention, and care. Price Target Changed • Apr 17
Price target increased by 9.6% to US$92.60 Up from US$84.51, the current price target is an average from 6 analysts. New target price is 10% above last closing price of US$84.01. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$2.20 for next year compared to US$1.17 last year. Price Target Changed • Apr 11
Price target increased by 8.4% to US$86.35 Up from US$79.68, the current price target is an average from 6 analysts. New target price is 5.1% above last closing price of US$82.13. Stock is up 59% over the past year. The company is forecast to post earnings per share of US$2.19 for next year compared to US$1.17 last year. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$82.13, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 13x in the Metals and Mining industry in the US. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$76.62 per share. Declared Dividend • Mar 17
Fourth quarter dividend increased to US$0.17 Dividend of US$0.17 is 6.5% higher than last year. Ex-date: 1st April 2025 Payment date: 11th April 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$1.17 (down from US$1.19 in FY 2023). Revenue: US$1.28b (up 26% from FY 2023). Net income: US$529.1m (down 1.6% from FY 2023). Profit margin: 41% (down from 53% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Mar 14
Wheaton Precious Metals Corp. Declares First Quarter Cash Dividend, Payable on or About April 11, 2025 Wheaton Precious Metals Corp. announced that its Board of Directors has declared its first quarterly cash dividend payment for 2025 of USD 0.165 per common share, a 6.5% increase from the fourth quarterly cash dividend payment for 2024 of USD 0.155 per common share. The Company declared record dividends during 2024, totaling USD 0.62 per common share. The first quarterly cash dividend for 2025 will be paid to holders of record of Wheaton common shares as of the close of business on April 1, 2025 and will be distributed on or about April 11, 2025. The ex-dividend trading date is April 1, 2025. Announcement • Feb 21
Wheaton Precious Metals Corp. Provides Production Guidance for the Year 2025 Wheaton Precious Metals Corp. provided production guidance for the year 2025. For the year, the company expects production of gold of 350,000 ounces to 390,000 ounces, production of Silver of 20,500,000 to 22,500,000, Other Metals of 12,500 GEOs to 13,500 GEOs, Gold Equivalent Ounces of 600,000 ounces to 670,000 ounces. Announcement • Feb 14
Wheaton Precious Metals Corp., Annual General Meeting, May 09, 2025 Wheaton Precious Metals Corp., Annual General Meeting, May 09, 2025. Announcement • Jan 10
Wheaton Precious Metals Corp Announces Chief Financial Officer Changes Wheaton Precious Metals Corp. announced that Gary Brown will be stepping down from his role as Chief Financial Officer, effective March 31, 2025. As part of a planned leadership succession, Vincent Lau, Wheaton's Vice President of Finance, will be appointed CFO and will join the senior leadership team. Throughout his nearly 17 years of dedicated service, Mr. Brown has played an integral role in the Company's financial growth, strategic direction, and risk management, all contributing to Wheaton's long-term success. Mr. Brown's legacy will be marked by a strong financial foundation, a culture of excellence, and a focus on sustainable growth. Vincent has served as Wheaton's Vice President of Finance for 13 years, where he has managed the corporate finance and risk management functions. Prior to joining Wheaton, Vincent held senior finance roles at CHC Helicopters and in KPMG's Transaction Services group based in New York. Vincent holds the Chartered Professional Accountant and Chartered Financial Analyst designations and received a Bachelor of Commerce degree from the University of British Columbia. Declared Dividend • Nov 11
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 21st November 2024 Payment date: 6th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: US$0.34 (up from US$0.26 in 3Q 2023). Revenue: US$308.3m (up 38% from 3Q 2023). Net income: US$154.6m (up 33% from 3Q 2023). Profit margin: 50% (down from 52% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Declared Dividend • Aug 11
Second quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 21st August 2024 Payment date: 4th September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.27 (down from US$0.31 in 2Q 2023). Revenue: US$299.1m (up 13% from 2Q 2023). Net income: US$122.3m (down 14% from 2Q 2023). Profit margin: 41% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • May 13
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 29th May 2024 Payment date: 11th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 11
Wheaton Precious Metals Corp. Approves the Election of Srinivasan Venkatakrishnan as Director Wheaton Precious Metals Corp. at the 2024 Annual and Special Meeting of Shareholders, approved the election of Srinivasan Venkatakrishnan who joins the board effective May 10, 2024. Mr. Venkatakrishnan is a Corporate Director and an experienced mining executive who brings a wealth of mining and financial experience, gained through his vast experience of leading global mining businesses, in a career that has spanned across 17 countries and six continents. Mr. Venkatakrishnan has a proven track record of leading multinational organizations - including major publicly listed companies - through periods of challenging and transformative change. He is currently the Chair of Endeavour Mining plc. and a director of BlackRock World Mining Trust plc. He was also, until March 31, 2024, a Director of Weir Group Plc. Previously, Mr. Venkatakrishnan served as CEO of Vedanta Resources plc from 2018 to 2020 and was CEO of AngloGold Ashanti Limited between 2013 to 2018, having previously been Chief Financial Officer of the business from 2005, and of Ashanti Goldfields Limited from 2000. In his early career, he was a Director with Deloitte in London, leading corporate restructurings on behalf of both corporates and financiers. Mr. Venkatakrishnan is a past board member of the World Gold Council, International Council on Mining and Metals, Business Leadership South Africa, the Chamber of Mines of South Africa and a past member of the Financial Review Investigation Panel of the Johannesburg Stock Exchange. Announcement • May 10
An unknown buyer acquired 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) for approximately $180 million. An unknown buyer acquired 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) for approximately $180 million during April 2024.
An unknown buyer completed the acquisition of 5% stake in Hecla Mining Company (NYSE:HL) from Wheaton Precious Metals Corp. (TSX:WPM) during April 2024. Reported Earnings • May 10
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$0.36 (up from US$0.25 in 1Q 2023). Revenue: US$296.8m (up 38% from 1Q 2023). Net income: US$164.0m (up 47% from 1Q 2023). Profit margin: 55% (up from 52% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 03
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 6.5% to US$51.09. The fair value is estimated to be US$41.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period. Declared Dividend • Mar 18
Fourth quarter dividend increased to US$0.15 Dividend of US$0.15 is 3.3% higher than last year. Ex-date: 2nd April 2024 Payment date: 15th April 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (375% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 15
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: US$1.19 (down from US$1.48 in FY 2022). Revenue: US$1.02b (down 4.6% from FY 2022). Net income: US$537.6m (down 20% from FY 2022). Profit margin: 53% (down from 63% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Mar 15
Wheaton Precious Metals Corp. Declares Dividend, Payable on or About April 15, 2024 On March 14, 2024, Wheaton Precious Metals Corp. declared a dividend in the amount of $0.155 per common share, with this dividend being payable to shareholders of record on April 3, 2024 and is expected to be distributed on or about April 15, 2024. The Company has implemented a dividend reinvestment plan ("DRIP") whereby shareholders can elect to have dividends reinvested directly into additional Wheaton common shares based on the Average Market Price, as defined in the DRIP. Announcement • Feb 13
Wheaton Precious Metals Corp., Annual General Meeting, May 10, 2024 Wheaton Precious Metals Corp., Annual General Meeting, May 10, 2024. Announcement • Nov 23
Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test at Salobo Wheaton Precious Metals Corp. (‘Wheaton’ or the ‘Company’), Wheaton Precious Metals International Ltd. (‘Wheaton International’) and Vale Base Metals Limited (‘VBM’) are announced the successful completion of the throughput test for the first phase of the Salobo III expansion project, a significant milestone that demonstrates increased reliability and continued strong performance at VBM's copper project in Brazil. The test required VBM's Salobo complex to run at an average annualized throughput of 32 million tonnes per annum (‘Mtpa’) for a period of 90 days. VBM confirmed completion of the test on November 17, 2023, with an average throughput of 32.3 Mtpa. The Salobo mine historically had a mill throughput capacity of 24 Mtpa, and having now exceeded throughput capacity of 32 Mtpa, is currently ramping up to full capacity of 36 Mtpa, expected in the fourth quarter of 2024. Under the terms of the Salobo precious metals purchase agreement (‘PMPA’), Wheaton International will make a payment to Vale Base Metals totaling $370 million for completion of the first phase of the Salobo III expansion project. The remaining balance of the expansion payment is dependent on the timing of completion and will be triggered once Vale Base Metals expands actual throughput above 35 Mtpa for a period of 90 days. In addition, Wheaton International will be required to make annual payments of between $5.1 million to $8.5 million for a 10-year period following payment of the expansion payments if the Salobo mine implements a high-grade mine plan. Upcoming Dividend • Nov 20
Upcoming dividend of US$0.15 per share at 1.3% yield Eligible shareholders must have bought the stock before 27 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.0%). Announcement • Nov 11
Wheaton Precious Metals Corp. Provides Production Guidance for the Full Year 2023 Wheaton Precious Metals Corp. provided production guidance for the full year 2023. Average annual production guidance for 2023 of 600,000 to 660,000 GEOs2,3 is maintained, with sector-leading growth over the next five to ten years. Reported Earnings • Nov 11
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$0.26 (down from US$0.43 in 3Q 2022). Revenue: US$223.1m (up 2.0% from 3Q 2022). Net income: US$116.4m (down 41% from 3Q 2022). Profit margin: 52% (down from 90% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Nov 10
Wheaton Precious Metals Corp. Declares Dividend for the Fourth Quarter of 2023, Payable on or About December 8, 2023 Wheaton Precious Metals Corp. ("Wheaton" or the "Company") to announced that its Board of Directors has declared its fourth quarterly cash dividend payment for 2023 of USD 0.15 per common share. The fourth quarterly cash dividend for 2023 of USD 0.15 will be paid to holders of record of Wheaton common shares as of the close of business on November 28, 2023, and will be distributed on or about December 8, 2023. The ex-dividend trading date is November 27, 2023. 
