While Wheaton’s production of gold and silver in Q219 was closely in line with – or even above – our expectations, temporary under-sales of both relative to production led to a US$6.3m negative variance in (underlying) net earnings and a 9.1% (or 1 cent) negative variance in EPS relative to our prior expectations. More significantly, given the improved metals price environment, we have upgraded our EPS forecasts for FY19 by 14% to 57c/share, which is now near the top of the
16 Aug 2019
Wheaton Precious Metals - Metals price moves de-risk valuation
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Wheaton Precious Metals - Metals price moves de-risk valuation
Wheaton Precious Metals Corp (WPM:TSE) | 0 0 0.0%
- Published:
16 Aug 2019 -
Author:
Charles Gibson -
Pages:
11
While Wheaton’s production of gold and silver in Q219 was closely in line with – or even above – our expectations, temporary under-sales of both relative to production led to a US$6.3m negative variance in (underlying) net earnings and a 9.1% (or 1 cent) negative variance in EPS relative to our prior expectations. More significantly, given the improved metals price environment, we have upgraded our EPS forecasts for FY19 by 14% to 57c/share, which is now near the top of the