Wheaton Precious Metals Corp reports results for the quarter ended March 31 - Earnings Summary
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Wheaton Precious Metals Corp (WPM.TO) reported adjusted earnings of 63 cents per share for the quarter ended March 31, surpassing last year's 36 cents and analysts' expectations of 55 cents. Revenue increased by 68.2% to $503.17 million, exceeding the forecast of $435.02 million. The company’s net income was $253.98 million, and shares rose 9.8% this quarter. Analysts maintain a "buy" rating, with a median 12-month price target of $104.95, 4.9% above the last closing price of $99.79.
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