Q1 2019 EPS Estimates for Wheaton Precious Metals Corp Lowered by National Bank Financial (WPM)
Wheaton Precious Metals Corp (TSE:WPM) – Research analysts at National Bank Financial dropped their Q1 2019 earnings estimates for shares of Wheaton Precious Metals in a research report issued on Monday, April 15th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.16 per share for the quarter, down from their prior estimate of $0.17. National Bank Financial also issued estimates for Wheaton Precious Metals’ FY2019 earnings at $0.68 EPS, FY2021 earnings at $0.75 EPS and FY2022 earnings at $0.84 EPS.
Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Wednesday, March 20th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.06 by C$0.05. The business had revenue of C$259.85 million for the quarter, compared to analyst estimates of C$254.10 million.
Shares of TSE:WPM opened at C$29.53 on Thursday. Wheaton Precious Metals has a 1 year low of C$19.87 and a 1 year high of C$33.85. The stock has a market cap of $13.88 billion and a P/E ratio of 30.76. The company has a current ratio of 2.76, a quick ratio of 2.71 and a debt-to-equity ratio of 24.44.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, April 5th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, April 4th. Wheaton Precious Metals’s dividend payout ratio is currently 37.50%.
In other news, Director Douglas Martin Holtby sold 4,000 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$33.30, for a total value of C$133,216.00. Following the transaction, the director now directly owns 43,157 shares of the company’s stock, valued at C$1,437,300.73. Also, Senior Officer Randy Smallwood sold 10,820 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$33.34, for a total value of C$360,738.80. Following the completion of the transaction, the insider now directly owns 267,262 shares in the company, valued at C$8,910,515.08. Insiders have sold a total of 16,320 shares of company stock worth $544,175 over the last ninety days.
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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