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Wheaton Precious MetalsWPM.TOCOMMENTMar 14, 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.
He is pretty fond of the royalty space in general, particularly precious metals. (He owns Franco Nevada (FNV-T).) He is constructive on precious metals, and views it as an inflation hedge. This is not an unreasonable name.