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.
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.
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