Wheaton Precious Metals Corp (TSE:WPM) Forecasted to Post Q3 2019 Earnings of $0.20 Per Share

Wheaton Precious Metals Corp (TSE:WPM) – Equities research analysts at Raymond James dropped their Q3 2019 earnings estimates for Wheaton Precious Metals in a research report issued on Monday, August 12th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.20 for the quarter, down from their previous estimate of $0.21. Raymond James also issued estimates for Wheaton Precious Metals’ Q4 2019 earnings at $0.20 EPS, FY2019 earnings at $0.70 EPS, Q1 2020 earnings at $0.23 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.23 EPS, Q4 2020 earnings at $0.21 EPS and FY2020 earnings at $0.88 EPS.

WPM has been the topic of several other research reports. Canaccord Genuity upped their price target on shares of Wheaton Precious Metals from C$41.00 to C$43.00 in a report on Friday, July 19th. CSFB upped their price target on shares of Wheaton Precious Metals from C$34.00 to C$38.00 in a report on Friday, August 9th. National Bank Financial reaffirmed an “outperform” rating and issued a C$42.00 price target on shares of Wheaton Precious Metals in a report on Friday, August 9th. Finally, Eight Capital upped their price target on shares of Wheaton Precious Metals from C$35.00 to C$42.50 in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$35.79.

Wheaton Precious Metals stock opened at C$35.49 on Wednesday. The stock has a market cap of $15.66 billion and a P/E ratio of -591.50. Wheaton Precious Metals has a fifty-two week low of C$19.87 and a fifty-two week high of C$37.29. The firm’s fifty day moving average price is C$33.79 and its 200-day moving average price is C$30.63. The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.54 and a current ratio of 3.65.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.14 earnings per share for the quarter, hitting the consensus estimate of C$0.14. The firm had revenue of C$253.45 million during the quarter, compared to the consensus estimate of C$258.25 million.

In related news, Senior Officer Bettina Joan Charpentier sold 2,800 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$36.00, for a total value of C$100,800.00. Following the transaction, the insider now owns 3,800 shares of the company’s stock, valued at C$136,800.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 23rd will be paid a $0.119 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 22nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.09. Wheaton Precious Metals’s dividend payout ratio is currently -600.00%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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 (TSE:WPM)

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