National Bank Financial Equities Analysts Increase Earnings Estimates for Wheaton Precious Metals Corp (WPM)

National Bank Financial Equities Analysts Increase Earnings Estimates for Wheaton Precious Metals Corp (WPM)

Wheaton Precious Metals Corp (TSE:WPM) – Equities researchers at National Bank Financial lifted their FY2018 EPS estimates for Wheaton Precious Metals in a research note issued to investors on Wednesday, November 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.65 per share for the year, up from their prior forecast of $0.62. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q4 2018 earnings at $0.12 EPS, FY2019 earnings at $0.54 EPS and FY2020 earnings at $0.69 EPS.

Several other equities research analysts also recently issued reports on WPM. Canaccord Genuity boosted their price objective on shares of Wheaton Precious Metals from C$40.50 to C$41.00 in a research note on Tuesday, July 24th. BMO Capital Markets reiterated an “outperform” rating and set a C$27.00 price objective on shares of Wheaton Precious Metals in a research note on Tuesday, October 2nd. Finally, CSFB reiterated an “outperform” rating and set a C$31.00 price objective on shares of Wheaton Precious Metals in a research note on Monday, September 10th.

WPM opened at C$21.22 on Monday. The company has a debt-to-equity ratio of 18.27, a quick ratio of 4.59 and a current ratio of 4.76. Wheaton Precious Metals has a 52-week low of C$19.87 and a 52-week high of C$29.93.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 30th will be paid a $0.118 dividend. The ex-dividend date is Thursday, November 29th. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.12. This represents a $0.47 annualized dividend and a dividend yield of 2.22%. Wheaton Precious Metals’s dividend payout ratio is 66.10%.

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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