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Wheaton Precious MetalsWPM.TOWAITDec 16, 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.
Nice in that is a royalty play so you don’t have to worry about cost overruns, but you have to worry about price and it becomes a play on the price of silver and gold. If he liked silver it would be the vehicle to play, but with the tapering in the next 6 months, he would rather see a complete washout of gold and silver and buy on the way back up.