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Wheaton Precious MetalsWPM.TOTOP PICKDec 11, 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.
A silver streaming company. Basically they buy silver with upfront payments and then get silver returned to them at a price of whatever was agreed on. They basically get the margin between the cost of their agreement and the silver price. They don’t have the operating cost risks or capital overrun costs that mining companies have. Yield of 1.72%.