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Wheaton Precious MetalsWPM.TOCOMMENTSep 07, 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.
Prefers Franco Nevada (FNV-T) instead because he likes how they think about allocating capital. When they decide to lend to somebody, or take an interest in something, they are always focused on how they are protected, and what happens if gold doesn’t move.