Q2 2019 Earnings Forecast for Wheaton Precious Metals Corp Issued By Desjardins (TSE:WPM)

Wheaton Precious Metals Corp (TSE:WPM) – Analysts at Desjardins lowered their Q2 2019 earnings estimates for shares of Wheaton Precious Metals in a research report issued to clients and investors on Monday, June 17th, Zacks Investment Research reports. Desjardins analyst J. Wolfson now anticipates that the company will earn $0.12 per share for the quarter, down from their previous forecast of $0.17. Desjardins also issued estimates for Wheaton Precious Metals’ Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.19 EPS, FY2019 earnings at $0.65 EPS, Q2 2020 earnings at $0.19 EPS and FY2020 earnings at $0.78 EPS.

A number of other equities analysts also recently commented on the stock. Raymond James reissued an “outperform” rating and issued a C$28.00 price objective on shares of Wheaton Precious Metals in a research note on Friday, March 22nd. National Bank Financial lowered shares of Detour Gold to a “hold” rating in a report on Friday, June 28th. Finally, Canaccord Genuity lowered shares of ProMetic Life Sciences to a “hold” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$32.71.

Shares of TSE WPM traded down C$0.47 during trading hours on Tuesday, reaching C$31.18. The stock had a trading volume of 641,773 shares, compared to its average volume of 1,092,829. The company has a current ratio of 2.07, a quick ratio of 2.05 and a debt-to-equity ratio of 22.73. The firm has a market cap of $14.04 billion and a price-to-earnings ratio of 33.24. The company has a fifty day moving average price of C$30.38. Wheaton Precious Metals has a 52-week low of C$19.87 and a 52-week high of C$33.85.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.17. The company had revenue of C$299.22 million during the quarter, compared to analysts’ expectations of C$270.76 million.

In other news, Senior Officer Randy Smallwood sold 45,000 shares of Wheaton Precious Metals stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$27.32, for a total value of C$1,229,202.00. Following the sale, the insider now owns 267,262 shares of the company’s stock, valued at C$7,300,421.89. Over the last 90 days, insiders sold 172,500 shares of company stock worth $4,709,676.

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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