NYSE$WPM
Wheaton Precious Metals Corp · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Wheaton Precious Metals reported record revenue and adjusted net earnings for Q4 2024, driven by higher commodity prices and increased production.
Wheaton Precious Metals achieved record revenue of $381 million and adjusted net earnings of $199 million in Q4 2024. The company's operating cash flow reached $319 million, reflecting strong performance across its mining assets. Despite a decline in net earnings due to impairment charges, Wheaton's balance sheet remained robust, with $818 million in cash and no debt.
- Revenue reached a record $381 million, up 21.4% from Q4 2023.
- Adjusted net earnings increased to $199 million, a 20.9% year-over-year rise.
- Operating cash flow surged to $319 million, a 31.9% improvement.
- The company ended 2024 with a strong cash balance of $818 million and no debt.
Headline financials
Revenue & EPS history
Wheaton Precious Metals · Revenue · Quarterly
$381M
Forward guidance
Wheaton Precious Metals expects production growth in 2025, driven by new streaming agreements and stable performance from existing assets.
Tailwinds
- Projected annual gold equivalent production increase of 10% in 2025.
- New production expected from Blackwater, Goose, Mineral Park, and Platreef projects.
- Continued strong cash flow generation supporting further growth.
- Expansion of streaming agreements to enhance long-term revenue.
- Stable production outlook for Salobo and Antamina assets.
Headwinds
- Lower production expected from Peñasquito due to mining transitions.
- Decline in gold output from Constancia as high-grade benches were mined earlier.
- Global economic uncertainty could impact commodity prices.
- Potential for increased costs due to inflationary pressures.
- Regulatory changes and tax obligations could affect profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-0.2%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+2.3%
Avg return
30 days after
52%
23 / 44 earnings
Positive
+9.4%
Q3 2022
Best reaction
-15.1%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -4.1% | +0.2% | -17.3% | |
| Q4 2024 | +1.5% | +4.7% | +12.9% | |
| Q2 2024 | -1.2% | +6.7% | +9.6% | |
| Q4 2023 | -2.6% | -4.9% | +13.6% | |
| Q3 2023 | +1.3% | +5.7% | +11.5% | |
| Q2 2023 | +2.4% | -4.0% | -4.6% | |
| Q1 2023 | +2.8% | +2.5% | -10.5% | |
| Q4 2022 | +4.5% | +13.4% | +28.0% | |
| Q3 2022 | +9.4% | +14.1% | +26.5% | |
| Q2 2022 | -1.7% | -2.4% | -4.7% | |
| Q1 2022 | -3.7% | -9.2% | -7.7% | |
| Q4 2021 | -0.3% | -2.7% | +3.0% | |
| Q3 2021 | +2.1% | +5.0% | -0.7% | |
| Q2 2021 | +2.5% | +1.7% | +3.2% | |
| Q4 2020 | +4.6% | +5.6% | +12.1% | |
| Q3 2020 | -12.3% | -9.7% | -18.9% | |
| Q2 2020 | +3.3% | +7.5% | +7.4% | |
| Q1 2020 | +2.7% | +0.1% | -11.3% | |
| Q4 2019 | -10.0% | -16.9% | +8.5% | |
| Q3 2019 | +1.3% | +4.6% | +6.0% | |
| Q2 2019 | +2.9% | -1.6% | +6.8% | |
| Q1 2019 | -4.6% | -2.0% | +9.0% | |
| Q4 2018 | +6.4% | +9.2% | -3.4% | |
| Q3 2018 | -2.0% | +1.9% | +20.5% | |
| Q2 2018 | -8.6% | -8.0% | -21.2% | |
| Q1 2018 | +1.6% | -0.6% | +3.0% | |
| Q4 2017 | +4.0% | +5.6% | +10.0% | |
| Q3 2017 | -4.8% | -3.1% | -0.8% | |
| Q2 2017 | -4.2% | -7.7% | +4.5% | |
| Q1 2017 | -0.1% | +5.6% | +5.4% | |
| Q4 2016 | +6.9% | +2.6% | +6.1% | |
| Q3 2016 | -15.1% | -22.0% | -21.2% | |
| Q2 2016 | +2.8% | +3.4% | -8.2% | |
| Q1 2016 | -5.6% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +5.7% | — | — | |
| Q1 2015 | +1.4% | — | — | |
| Q4 2014 | +5.3% | — | — | |
| Q2 2011 | +2.7% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2010 | -1.2% | — | — | |
| Q2 2010 | -5.3% | — | — | |
| Q1 2010 | -1.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro