Gold and Precious Metals

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).


TSX:WPM Earnings and Revenue Growth March 16th 2024

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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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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