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Wheaton Precious MetalsWPM.TODON'T BUYNov 21, 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.
What we have seen happen is that there is a timing problem in that some sales were put off until the next quarter. Their dividend is tied to cash flow. The dividend was a bit lower in the last quarter. It should sell at a discount to the other precious metals. He would hold it at the right price, say 15% lower.