Q4 2018 Earnings Estimate for Wheaton Precious Metals Co. (WPM) Issued By Desjardins

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.

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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.

TSE:WPM opened at C$27.39 on Tuesday. Wheaton Precious Metals has a 12-month low of C$23.18 and a 12-month high of C$29.90.

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.

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

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