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Wheaton Precious MetalsWPM.TOCOMMENTJan 03, 2017Stock 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.
Both gold and silver have been under performers since the election. Higher interest rates would be perceived as a negative, because there is a bigger cost to holding on to precious metals as an alternative currency. In theory, the market is sending you a big signal that there is no short-term disaster in the economy. Those things are the negatives. There could be a further bounce if there was a 2%-3% pullback in stocks. This is one of the streamers in silver, and would be one of the ones to own. It does have a tax overhang still, which is getting close to being resolved, probably this year. If they win, he would argue that the stock will bump.