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Wheaton Precious MetalsWPM.TOCOMMENTNov 11, 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.
Probably the highest quality silver company globally. Just posted an excellent quarter. There is nervousness about their tax issue. The Canadian government is trying to shake down the company, irrespective of the conditions that occurred at the time that the company entered into their arrangements. The government will probably succeed in shaking them down for something. If you believe that silver prices are going higher, which he does, owning the finest silver company in the world probably makes sense.