Wheaton Precious Metals Corp Forecasted to Earn FY2018 Earnings of $0.49 Per Share (WPM)
Wheaton Precious Metals Corp (NYSE:WPM) – Research analysts at National Bank Financial increased their FY2018 earnings per share estimates for shares of Wheaton Precious Metals in a report released on Wednesday, November 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.49 for the year, up from their prior forecast of $0.48. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q4 2018 earnings at $0.09 EPS, FY2019 earnings at $0.41 EPS and FY2020 earnings at $0.52 EPS.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Wednesday, November 14th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $185.77 million for the quarter, compared to the consensus estimate of $191.11 million. Wheaton Precious Metals had a return on equity of 5.14% and a net margin of 33.64%. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share.
Wheaton Precious Metals stock opened at $15.80 on Monday. The stock has a market cap of $7.16 billion, a PE ratio of 25.10, a P/E/G ratio of 6.23 and a beta of 0.38. Wheaton Precious Metals has a 1 year low of $15.08 and a 1 year high of $22.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.04 and a quick ratio of 8.04.
Institutional investors and hedge funds have recently modified their holdings of the stock. Greenleaf Trust acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $210,000. Marietta Investment Partners LLC acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $210,000. MAI Capital Management acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $214,000. Edgestream Partners L.P. acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $228,000. Finally, Neuberger Berman Group LLC grew its position in shares of Wheaton Precious Metals by 34.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 14,504 shares of the company’s stock valued at $254,000 after purchasing an additional 3,750 shares during the period. Institutional investors and hedge funds own 54.73% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.28%. Wheaton Precious Metals’s payout ratio is currently 57.14%.
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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