Wheaton Precious Metals (WPM)

Wheaton Precious Metals (WPM)

Postby winston » Sat Nov 11, 2017 10:07 am

Wheaton Precious Metals

This is another precious metals company that makes good sense for more conservative accounts looking for exposure to the sector.

Wheaton Precious Metals Corp. (NYSE: WPM) is a Canadian precious metals streaming company with approximately 60% of its revenues from the sale of silver and 40% from gold.

Under the terms of long-term contracts, the company purchases silver and gold from a variety of mines, including Goldcorp’s Penasquito mine in Mexico, Vale’s Salobo mine in Brazil, Lundin Mining’s Zinkgruvan mine in Sweden and Glencore’s Antamina and Yauliyacu mines in Peru, then sells the silver and gold into the open market.

Back in the summer, the company increased the dividend to shareholders to 30% of operating cash flow. Based on the new policy, the third-quarter dividend payout was $0.10 per share, up 43% from the second-quarter dividend.

Between cash and the revolver, the company has liquidity of around $1.12 billion to acquire new streams and interests.

Shareholders receive a 1.91% dividend after the hike. The $25 RBC price target compares with the consensus target of $20.91. Shares were last seen trading at $20.91, in a 52-week range of $16.94 to $24.97.

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Re: Wheaton Precious Metals (WPM)

Postby winston » Fri Mar 29, 2019 9:05 pm

not vested

STRONG PERFORMANCE FROM THIS PRECIOUS METALS LEADER

Today's chart shows one of the best ways to invest in precious metals...

We're talking about royalty and streaming companies. These businesses don't have to worry about the costs of discovering and extracting precious metals...

Instead, they pay cash up front to help miners fund their projects, then sit back and collect royalties on the production. Today's company is a leader in this field...

Wheaton Precious Metals (WPM) is an $11 billion royalty and streaming company. It owns stakes in about 30 gold and silver mines in 11 countries...

And its partners include industry leaders Vale (VALE) and Goldcorp (GG). In its latest earnings report, Wheaton reported record-high gold production and total revenue of nearly $800 million for 2018.

And the stock recently hit multiyear highs.

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Re: Wheaton Precious Metals (WPM)

Postby investar » Thu Jul 18, 2019 6:49 pm

Very nice chart here, perfect entry was probably 24.2 two days ago; but now that breakout is confirmed, 26 is probably a good entry as well. still on sidelines but want to enter this breakout.
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Re: Wheaton Precious Metals (WPM)

Postby investar » Sat Aug 10, 2019 12:59 am

Impressive results!

WPM will be a winner in the next few Q's


https://www.wheatonpm.com/news/pressrel ... fault.aspx
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Re: Wheaton Precious Metals (WPM)

Postby investar » Sat Aug 24, 2019 4:47 am

Very nice +6% on solid volume, new high
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Re: Wheaton Precious Metals (WPM)

Postby investar » Tue Apr 14, 2020 5:31 am

WPM will be a big winner if gold price continues like this...

New 52 wk high tomorrow at +34$?
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Re: Wheaton Precious Metals (WPM)

Postby investar » Mon Apr 27, 2020 12:15 am

New highs again for WPM, almost 40!


WPM one of the favorites for CIBS, target price upgraded to 42$:
https://www.mining.com/cibc-raises-gold ... ock-picks/
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Re: Wheaton Precious Metals (WPM)

Postby winston » Tue May 05, 2020 8:03 pm

THIS 'BETTER' PRECIOUS METALS BUSINESS IS THRIVING

Today's stock is hitting new highs as investors rush into safe-haven assets...

Gold and precious metals are a great store of value in uncertain times. As the coronavirus pandemic took hold, investors sold out of their equity positions – and ultimately fled into these safe-haven assets.

This pushed the price of gold to a multiyear high recently. And that's great news for today's company...

Wheaton Precious Metals (WPM) is a $20 billion royalty and streaming company. These types of companies pay cash up front to help miners fund their projects, then sit back and collect royalties on the production.

So when the price of gold rises, their royalties are worth even more – and their costs don't go up. That's great for WPM shareholders... And it's the exact situation the company is in right now.

As you can see in today's chart, WPM shares are soaring. The stock has doubled over the past year, and shares recently hit a multiyear high.

As long as COVID-19 uncertainty sticks around, it should continue to be a big tailwind for this royalty company...

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Re: Wheaton Precious Metals (WPM)

Postby investar » Fri May 08, 2020 3:27 am

WPM at 44$, this is good enough for me!

Very solid gold stock, but now maybe there is more room to run in some of the junior explorers like Minaurum MGG, Orefinders ORX, Mistango River or PORE.V

Glad to take all the profits off the table and look elsewhere. For a while :D
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