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.