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Wheaton Precious MetalsWPM.TOCOMMENTOct 17, 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.
Sitting right on support at the 150 day moving average. It had a move down, a consolidation, followed by another move down. It is still trading better than 70% of the companies in the S&P over the course of the year. Given the move that we saw on gold early in the year, it is not unreasonable to think that they could consolidate here. This is a company he could own if he wanted to have more exposure to precious metals.