Desjardins Analysts Cut Earnings Estimates for Wheaton Precious Metals Corp (WPM)

Share on StockTwits

Wheaton Precious Metals Corp (TSE:WPM) – Stock analysts at Desjardins reduced their Q3 2019 earnings per share (EPS) estimates for Wheaton Precious Metals in a report issued on Friday, April 12th. Desjardins analyst J. Wolfson now expects that the company will earn $0.19 per share for the quarter, down from their previous forecast of $0.20. Desjardins also issued estimates for Wheaton Precious Metals’ FY2020 earnings at $0.80 EPS.

A number of other equities analysts also recently commented on WPM. Raymond James reaffirmed an “outperform” rating and set a C$28.00 target price on shares of Wheaton Precious Metals in a research note on Friday, March 22nd. CSFB downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 19th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$27.00 target price on shares of Wheaton Precious Metals in a research note on Monday, December 17th. Eight Capital lifted their target price on shares of Wheaton Precious Metals from C$34.00 to C$35.00 in a research note on Monday, December 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a C$30.00 target price on shares of Wheaton Precious Metals in a research note on Friday, February 15th.

Shares of WPM stock opened at C$31.23 on Monday. The company has a current ratio of 2.76, a quick ratio of 2.71 and a debt-to-equity ratio of 24.44. Wheaton Precious Metals has a 12 month low of C$19.87 and a 12 month high of C$33.85. The stock has a market cap of $13.70 billion and a price-to-earnings ratio of 32.53.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Wednesday, March 20th. The company reported C$0.11 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.05. The firm had revenue of C$259.85 million for the quarter, compared to analysts’ expectations of C$254.10 million.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, April 5th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, April 4th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 37.50%.

In other news, Senior Officer Randy Smallwood sold 10,820 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$33.34, for a total value of C$360,738.80. Following the sale, the insider now directly owns 267,262 shares of the company’s stock, valued at approximately C$8,910,515.08. Also, Director John Brough sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$33.48, for a total transaction of C$50,220.00. Insiders sold a total of 16,320 shares of company stock worth $544,175 over the last three months.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

Further Reading: What Are Cryptocurrencies?

Earnings History and Estimates for Wheaton Precious Metals (TSE:WPM)

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Soarcoin  Hits Market Cap of $1.73 Million
Soarcoin Hits Market Cap of $1.73 Million
Interstellar Holdings  Hits Market Cap of $1.74 Million
Interstellar Holdings Hits Market Cap of $1.74 Million
Brokerages Expect Aquabounty Technologies Inc  Will Announce Quarterly Sales of $250,000.00
Brokerages Expect Aquabounty Technologies Inc Will Announce Quarterly Sales of $250,000.00
Neblio 24 Hour Trading Volume Tops $843,624.00
Neblio 24 Hour Trading Volume Tops $843,624.00
Maker  Market Cap Reaches $680.31 Million
Maker Market Cap Reaches $680.31 Million
Zacks: Liberty Braves Group Series A  Given $43.00 Average Price Target by Brokerages
Zacks: Liberty Braves Group Series A Given $43.00 Average Price Target by Brokerages


© 2006-2019 Ticker Report