Desjardins Equities Analysts Decrease Earnings Estimates for Wheaton Precious Metals Co. (WPM)
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.
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.
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.
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