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

Wheaton Precious Metals Corp (TSE:WPM) – Stock analysts at Desjardins reduced their Q4 2018 earnings per share (EPS) estimates for Wheaton Precious Metals in a report issued on Monday, January 7th. Desjardins analyst J. Wolfson now expects that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.12. Desjardins also issued estimates for Wheaton Precious Metals’ Q2 2019 earnings at $0.17 EPS.

Other research analysts have also issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating and issued a C$27.00 price target on shares of Wheaton Precious Metals in a research note on Monday, December 17th. CSFB lowered shares of Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 19th. Canaccord Genuity decreased their price target on shares of Wheaton Precious Metals from C$41.00 to C$38.50 in a research note on Thursday, October 18th. Finally, Eight Capital increased their price objective on shares of Wheaton Precious Metals from C$34.00 to C$35.00 in a research report on Monday, December 17th.

Shares of Wheaton Precious Metals stock opened at C$25.65 on Thursday. The company has a current ratio of 8.04, a quick ratio of 7.86 and a debt-to-equity ratio of 26.61. Wheaton Precious Metals has a 1 year low of C$19.87 and a 1 year high of C$29.93.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Wednesday, November 14th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.13 by C($0.03). The company had revenue of C$242.78 million for the quarter, compared to the consensus estimate of C$233.11 million.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 13th. Investors of record on Friday, November 30th were given a dividend of $0.118 per share. This represents a $0.47 annualized dividend and a yield of 1.84%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, November 29th. Wheaton Precious Metals’s dividend payout ratio is 56.43%.

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

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