Desjardins Analysts Reduce Earnings Estimates for Wheaton Precious Metals Corp (WPM)
Wheaton Precious Metals Corp (TSE:WPM) – Investment analysts at Desjardins reduced their Q4 2018 earnings estimates for Wheaton Precious Metals in a research report issued to clients and investors on Monday, January 7th. Desjardins analyst J. Wolfson now expects that the company will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.12. Desjardins also issued estimates for Wheaton Precious Metals’ Q2 2019 earnings at $0.17 EPS.
Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Wednesday, November 14th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.03). The firm had revenue of C$242.78 million for the quarter, compared to the consensus estimate of C$233.11 million.
Shares of WPM stock opened at C$25.65 on Thursday. Wheaton Precious Metals has a 12-month low of C$19.87 and a 12-month high of C$29.93. The company has a debt-to-equity ratio of 26.61, a quick ratio of 7.86 and a current ratio of 8.04.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 13th. Stockholders of record on Friday, November 30th were issued a $0.118 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.47 annualized dividend and a dividend yield of 1.84%. Wheaton Precious Metals’s payout ratio is 56.43%.
Wheaton Precious Metals Company Profile
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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