Wheaton Precious Metals Corp (NYSE:WPM) – Research analysts at Desjardins raised their Q2 2019 earnings estimates for shares of Wheaton Precious Metals in a note issued to investors on Monday, January 7th. Desjardins analyst J. Wolfson now anticipates that the company will earn $0.13 per share for the quarter, up from their prior estimate of $0.12.
Other research analysts have also issued research 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 report on Friday, December 14th. Deutsche Bank set a $25.00 target price on Wheaton Precious Metals and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Canaccord Genuity restated an “average” rating and issued a $41.00 target price on shares of Wheaton Precious Metals in a research report on Sunday, December 16th. ValuEngine upgraded Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, Royal Bank of Canada boosted their target price on Wheaton Precious Metals from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, December 17th. One investment 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 company currently has an average rating of “Buy” and an average price target of $31.17.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Wednesday, November 14th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Wheaton Precious Metals had a return on equity of 5.14% and a net margin of 33.64%. The business had revenue of $185.77 million for the quarter, compared to analysts’ expectations of $191.11 million. During the same period in the previous year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 13th. Investors of record on Friday, November 30th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.87%. Wheaton Precious Metals’s payout ratio is 57.14%.
A number of large investors have recently added to or reduced their stakes in WPM. SG Americas Securities LLC bought a new stake in Wheaton Precious Metals in the 2nd quarter worth approximately $371,000. Janus Henderson Group PLC lifted its position in Wheaton Precious Metals by 27.6% in the second quarter. Janus Henderson Group PLC now owns 186,052 shares of the company’s stock valued at $4,106,000 after purchasing an additional 40,211 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Wheaton Precious Metals by 19.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 43,296 shares of the company’s stock valued at $955,000 after purchasing an additional 7,026 shares during the last quarter. Korea Investment CORP lifted its position in Wheaton Precious Metals by 324.7% in the second quarter. Korea Investment CORP now owns 130,012 shares of the company’s stock valued at $2,868,000 after purchasing an additional 99,400 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Wheaton Precious Metals by 25.7% in the second quarter. Renaissance Technologies LLC now owns 861,003 shares of the company’s stock valued at $18,994,000 after purchasing an additional 176,103 shares during the last quarter. Institutional investors own 54.20% 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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