- Wheaton Precious Metals released its Q4 and FY2021 results last week, reporting annual attributable production of ~753,000 gold-equivalent ounces, a slight increase year-over-year.
- This translated to a 17% increase in annual earnings per share, but the major news was the upgrade to the 5-year and 10-year outlook following a busy year for deals.
- Assuming metals prices can hold most of their gains, Wheaton is set up for a solid year, with the possibility of a 20% increase in annual EPS in FY2022.
- After a sharp rally in the past 20 trading days, some giveback would not be surprising, but given the strong technical picture, I would expect the $42.50 level to provide a floor for the stock going forward.
For further details see:
Wheaton Precious Metals: Another Strong Year Of Earnings Growth Ahead