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Wheaton Precious MetalsWPM.TOSELLDec 09, 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.
Royalty company, so if you produce a commodity, you might get silver as well as what you are after and so SLW buys silver futures from you as cash up front and some see this as a form of last resort financing. SLW often does better when you do. Gold and silver tend to sell together and gold is low. Silver held a little bit better but silver will get hit if gold does and he thinks gold will.