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Wheaton Precious MetalsWPM.TODON'T BUYFeb 19, 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.
Not big on silver. Tends to follow gold, but is more volatile. Doesn’t understand why silver is above $20. The major industrial use of silver in the last century was photography and that has completely evaporated. There is a big supply of silver right now.