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Wheaton Precious MetalsWPM.TOCOMMENTJul 05, 2016Stock 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.
The silver rally has been quite amazing. This company as a business model is quite interesting because of their royalty structure. A good way to play precious metals from a risk perspective as opposed to having the operating risks when you actually own the mine. When you get a good commodity run, you want to own the operating leverage, but royalty companies are wonderful places to put your money.