Wheaton Precious Metals Full Year 2023 Earnings: Beats Expectations

Wheaton Precious Metals (TSE:WPM) Full Year 2023 Results

Key Financial Results

• 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.

• EPS: US$1.19 (down from US$1.48 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wheaton Precious Metals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company’s share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company’s balance sheet. We have a graphic representation of Wheaton Precious Metals’ balance sheet and an in-depth analysis of the company’s financial position.

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