Wheaton Precious Metals Co. (NYSE:WPM) – Research analysts at Desjardins decreased their Q4 2018 earnings per share (EPS) estimates for Wheaton Precious Metals in a research report issued on Monday, April 16th. Desjardins analyst J. Wolfson now anticipates that the company will earn $0.16 per share for the quarter, down from their prior forecast of $0.17. Desjardins also issued estimates for Wheaton Precious Metals’ Q3 2019 earnings at $0.21 EPS and Q4 2019 earnings at $0.20 EPS.

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Several other equities research analysts have also recently weighed in on the stock. TheStreet cut shares of Wheaton Precious Metals from a “b-” rating to a “c” rating in a research report on Thursday, March 29th. Zacks Investment Research raised shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Finally, Royal Bank of Canada set a $26.00 price target on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a research report on Monday, January 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Wheaton Precious Metals has a consensus rating of “Buy” and an average target price of $26.57.

Shares of WPM opened at $21.32 on Tuesday. Wheaton Precious Metals has a fifty-two week low of $18.32 and a fifty-two week high of $22.72. The company has a market capitalization of $9,404.96, a PE ratio of 33.84, a price-to-earnings-growth ratio of 7.01 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 8.52 and a quick ratio of 8.52.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Wednesday, March 21st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $217.84 million. Wheaton Precious Metals had a net margin of 6.84% and a return on equity of 5.56%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 6th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.69%. Wheaton Precious Metals’s payout ratio is presently 57.14%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mad River Investors raised its stake in shares of Wheaton Precious Metals by 1.1% during the 4th quarter. Mad River Investors now owns 243,150 shares of the company’s stock worth $5,381,000 after acquiring an additional 2,650 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Wheaton Precious Metals by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 144,970 shares of the company’s stock worth $3,208,000 after acquiring an additional 3,489 shares in the last quarter. LPL Financial LLC raised its stake in shares of Wheaton Precious Metals by 18.4% during the 4th quarter. LPL Financial LLC now owns 54,316 shares of the company’s stock worth $1,202,000 after acquiring an additional 8,458 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Wheaton Precious Metals by 118.4% during the 3rd quarter. SG Americas Securities LLC now owns 16,045 shares of the company’s stock worth $306,000 after acquiring an additional 8,699 shares in the last quarter. Finally, V Wealth Management LLC bought a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $206,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

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About Wheaton Precious Metals

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 (NYSE:WPM)

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