Wheaton Precious Metals Corp (NYSE:WPM) – Analysts at National Bank Financial lifted their FY2019 earnings estimates for shares of Wheaton Precious Metals in a report released on Wednesday, March 20th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.52 for the year, up from their prior forecast of $0.51.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The business had revenue of $196.59 million for the quarter, compared to analysts’ expectations of $191.71 million. Wheaton Precious Metals had a return on equity of 4.19% and a net margin of 53.79%. The business’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS.

Other equities research analysts have also issued reports about the company. Raymond James set a $28.00 price objective on Wheaton Precious Metals and gave the stock a “buy” rating in a research report on Thursday. TheStreet upgraded Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. Canaccord Genuity reiterated an “average” rating and issued a $41.00 price objective on shares of Wheaton Precious Metals in a research report on Sunday, December 16th. ValuEngine upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Wednesday, December 5th. Finally, Credit Suisse Group lowered Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.17.

Shares of WPM stock opened at $24.50 on Monday. The company has a market capitalization of $10.89 billion, a PE ratio of 51.04, a price-to-earnings-growth ratio of 8.96 and a beta of -0.01. Wheaton Precious Metals has a fifty-two week low of $15.08 and a fifty-two week high of $24.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.04 and a current ratio of 8.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, April 5th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.47%. Wheaton Precious Metals’s dividend payout ratio is currently 75.00%.

Several hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI boosted its position in shares of Wheaton Precious Metals by 52.1% during the fourth quarter. Arcadia Investment Management Corp MI now owns 4,377 shares of the company’s stock valued at $85,000 after purchasing an additional 1,500 shares in the last quarter. Midas Management Corp bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $117,000. Quadrant Capital Group LLC boosted its position in shares of Wheaton Precious Metals by 2,358.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,252 shares of the company’s stock valued at $138,000 after purchasing an additional 6,957 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $165,000. Finally, Cerebellum GP LLC boosted its position in shares of Wheaton Precious Metals by 5.3% during the fourth quarter. Cerebellum GP LLC now owns 11,380 shares of the company’s stock valued at $222,000 after purchasing an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 54.56% of the company’s stock.

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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Earnings History and Estimates for Wheaton Precious Metals (NYSE:WPM)

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