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Wheaton Precious MetalsWPM.TOBUY ON WEAKNESSSep 24, 2012Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
He bought them a long time ago and sold with profit. They would be in the same class as Franco-Nevada. WPM is not going to finance anymore. The cashflow is what it is and there will be little upside since it is a royalty company. He would prefer Franco-Nevada. He would look elsewhere where you can get appreciation.
Short? He got out at $36 and missed the next 10%. Because of QE3 he thinks precious metals are going up for the next 2 to 3 years so he would rather wait for the pullback and buy into the support although you could try to get some downside by shorting.