Q: Can you please comment on earnings? Would you by buyers now?
5i Research Answer:
Q2 revenues came in at $203 mln, shy of the $208 mln expected. EPS was $0.27 vs $0.32 expected. The stock is cheap at 5X forward earnings and momentum looks good. It was a record quarter for revenues, up 30% and the expiry of their warrants helps simplify the story a little as well. Production was up 7%. Overall, things look pretty good here.
WPM quarter looked good with EPS of $0.63 vs $0.55 expected. Revenue of $503 mln beat estimates of $435. The business is a bit different than ARIS (royalty vs production) but we think things continue lining up nicely here.