Wheaton Precious Metals Corp (NYSE:WPM) – Equities researchers at National Bank Financial issued their Q1 2018 EPS estimates for Wheaton Precious Metals in a research report issued on Wednesday. National Bank Financial analyst S. Nagle forecasts that the company will post earnings of $0.18 per share for the quarter. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.60 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.60 EPS, FY2020 earnings at $0.64 EPS and FY2021 earnings at $0.68 EPS.
A number of other brokerages also recently commented on WPM. Zacks Investment Research reaffirmed a “hold” rating on shares of Wheaton Precious Metals in a research report on Saturday, January 6th. Royal Bank of Canada set a $26.00 price objective on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Monday, January 15th. Desjardins reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a research report on Monday, December 11th. TD Securities set a $28.00 price objective on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Friday, November 24th. Finally, TheStreet raised shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $26.00.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. Wheaton Precious Metals had a net margin of 24.02% and a return on equity of 5.54%. The firm had revenue of $203.00 million for the quarter, compared to the consensus estimate of $220.84 million. Wheaton Precious Metals’s revenue was down 13.0% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mad River Investors lifted its stake in Wheaton Precious Metals by 1.1% in the fourth quarter. Mad River Investors now owns 243,150 shares of the company’s stock valued at $5,381,000 after acquiring an additional 2,650 shares during the last quarter. SG Americas Securities LLC lifted its stake in Wheaton Precious Metals by 118.4% in the third quarter. SG Americas Securities LLC now owns 16,045 shares of the company’s stock valued at $306,000 after acquiring an additional 8,699 shares during the last quarter. V Wealth Management LLC acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $206,000. Greenleaf Trust acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $211,000. Finally, Gamble Jones Investment Counsel acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $221,000. Hedge funds and other institutional investors own 50.40% of the company’s stock.
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About Wheaton Precious Metals
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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