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Wheaton Precious MetalsWPM.TOBUYFeb 12, 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.
Recently did a deal with Vale (VALE-N) to get some gold streaming production. If you want precious metal exposure, this is fine to get into. Because they have royalties on top, the cost side of the equation has less of an impact on them.