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Wheaton Precious MetalsWPM.TODON'T BUYDec 06, 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.
You have to have an outlook on what you think silver is going to do. This is precious metals, primarily gold and silver. Thinks gold and silver are going lower before they go higher. Doesn’t have the CapX requirements that mining companies do, so if you want to invest in these commodities, this is a better company to do it in as it is more defensive. He would stay away from the sector.