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Wheaton Precious MetalsWPM.TOCOMMENTNov 10, 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.
They reported good numbers. They are a silver exposed royalty story. He is surprised they are down so much despite the rotation out of these stocks. In the back ground, they have a CRA dispute that will go on for a long time, so he is not sure why such a large pull back. Short term you are fighting the headwinds of higher rates.