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Wheaton Precious MetalsWPM.TOBUYJan 16, 2013Stock 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.
How much credence do you place on relative performance between the stock and the underlying commodity versus the stock and the market in general? He looks at a stock relative to the underlying ETF (in this case SIL) and if it is outperforming, you want to be in the stock. Next you look at how SIL is doing relative to the price of silver itself. For this stock, it has gone above its 20 day moving average, established a short-term trend and started to outperform the TSE composite.