Wheaton Precious Metals Co. (TSE:WPM) – Equities researchers at Desjardins decreased their Q4 2018 earnings estimates for Wheaton Precious Metals in a research report issued to clients and investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.20 per share for the quarter, down from their prior forecast of $0.21. Desjardins also issued estimates for Wheaton Precious Metals’ Q4 2019 earnings at $0.25 EPS.
Several other brokerages also recently weighed in on WPM. Canaccord Genuity cut their target price on Wheaton Precious Metals from C$39.50 to C$38.50 in a research note on Thursday, March 22nd. National Bank Financial lifted their target price on Wheaton Precious Metals from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Tuesday, April 10th. Six analysts have rated the stock with a buy rating, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus price target of C$32.30.
Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Wednesday, March 21st. The company reported C$0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.19 by C$0.05. Wheaton Precious Metals had a return on equity of 5.29% and a net margin of 32.79%. The business had revenue of C$308.05 million during the quarter, compared to analyst estimates of C$266.99 million.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 20th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, April 5th.
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Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.
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