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Wheaton Precious MetalsWPM.TOCOMMENTMay 30, 2014Stock 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 metal streaming company. They buy silver from producers, and pay fixed numbers of dollars per ounce. Production is roughly 36 million ounces. They pay roughly $4-$5 an ounce for that silver. Likes their growth which will take it to 42 million ounces in the next couple of years, and probably 48 million ounces if you are willing to look out beyond that. Generates a lot of free cash flow. Current yield is around 7%. Likes all the elements of this company.