Investing.com - Wheaton Precious Metals (NYSE:WPM) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Wheaton Precious Metals announced earnings per share of $0.29 on revenue of $278.2M. Analysts polled by Investing.com anticipated EPS of $0.31 on revenue of $286.9M.
Wheaton Precious Metals shares are up 14.44% from the beginning of the year, still down 2.40% from its 52 week high of $50.34 set on March 8. They are outperforming the EUR/USD which is down 0% from the start of the year.
Wheaton Precious Metals follows other major Materials sector earnings this month
Wheaton Precious Metals's report follows an earnings beat by Vale ADR on February 24, who reported EPS of $1.07 on revenue of $13.11B, compared to forecasts EPS of $0.8008 on revenue of $12.63B.
Newmont Goldcorp had beat expectations on February 24 with fourth quarter EPS of $0.78 on revenue of $3.39B, compared to forecast for EPS of $0.7677 on revenue of $3.35B.
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