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Wheaton Precious MetalsWPM.TOCOMMENTSep 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.
They put up money for capital expenditures or projects and then get a piece of the action from future production. A very interesting way to run a business. If he got hot on silver, he might look at this one again but right now his focus is on gold.