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Wheaton Precious MetalsWPM.TOWAITDec 13, 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.
There is a broad number of precious metals companies that have recently seen their weekly momentum flip from negative to positive. This one is sitting right on the 150-week moving average, which is sort of attractive. It may be a candidate for a year end bounce after tax loss selling. He would prefer to wait and see it start playing out.