Wheaton Precious Metals Corp.

Wheaton Precious Metals is the largest pure precious metals streaming company in the world. The company has streams on some of the largest and lowest cost mines in the world. Wheaton Precious Metals' production and growth are founded on cornerstone assets including the Salobo mine in Brazil, the Peñasquito and San Dimas mines in Mexico, and the Antamina mine in Peru.

Expert Comments:

An Eight Capital report reviewed this Vancouver-based firm's recent acquisition.
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Ralph Profiti, Eight Capital (6/12/18)
"Wheaton Precious Metals Corp. announced the acquisition of a cobalt stream from Vale's Voisey's Bay mine. . .we estimate the Voisey's Bay stream to the company yields a 9% internal rate of return (IRR) at $35/lb cobalt, assuming a 20% tax rate, which compares to recent larger precious metals streams at 4–6% IRR."

Brian MacArthur, Raymond James (6/11/18)
"Wheaton Precious Metals Corp. has agreed to acquire from Vale an amount of physical cobalt equal to a fixed percentage of cobalt production from the Voisey's Bay mine. . .we view the transaction positively given it provides Wheaton with medium- to long-term free cash flow, gold equivalent growth and is NAV accretive."

Cosmos Chiu, CIBC World Markets (6/11/18)
"Wheaton Precious Metals Corp. is making a relatively small and measured investment in the future cobalt production from Voisey's Bay by purchasing a stream, with the acquisition price of $390M representing 3.8% of its current market cap or 7% of its NAV. At spot cobalt, the stream could potentially generate $75M in cash flow per year (beginning in year 2021), and increase annual corporate cash flow by greater than 10%."

Adrian Day
Money manager Adrian Day reviews updates at three companies, including a rejected takeover bid.
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Charles Gibson, Edison Investment Research (5/18/18)
"Wheaton Precious Metals Corp.'s silver streams outperformed our expectations in Q1/18 while its gold streams performed closely in line. . .nevertheless, adjusted net earnings of $69.9M and EPS of $0.16 were within 10% of our previous expectations of $77M, and our forecasts for FY18 remain, to all intents and purposes, unchanged."

Andrew Kaip, BMO Capital Markets (5/13/18)
"Wheaton Precious Metals Corp. posted an in line Q1/18 and expects deliveries of 355 Koz gold and 22.5 Moz silver in 2018. Importantly, a Canadian Revenue Agency court date has been set for September 2019."

Carey MacRury, Canaccord Genuity (5/11/18)
"We are assuming coverage of Wheaton Precious Metals Corp. from Tony Lesiak with a Buy rating and CA$38.50 target price. Our Buy rating is based on our positive view on silver, projected 31% growth in gold equivalent ounces by 2020 (versus 2017) and a strong balance sheet with ~$779M in available liquidity for additional transactions."

Frank Holmes
Conditions may be in place for increased demand and increased prices for a number of commodities. In this interview with Streetwise Reports, Frank Holmes, CEO of U.S. Global Investors, discusses the commodity supercycle and the factors behind it, why some commodities may get more of a boost than others, and ways investors can profit.
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Adrian Day
Money manager Adrian Day reviews four companies that he sees as buys.
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Adrian Day
Adrian Day of Adrian Day Asset Management provides updates on three resource companies with recent developments, one of which he deems a good buy now. 
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More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
Adrian Day, Founder – Adrian Day Asset Management
Charles Gibson, Director, Mining – Edison Investment Research
Michael Gray, Analyst – Macquarie Capital Markets
Frank Holmes, Chairman – U.S. Global Investors
Andrew Kaip, Analyst – BMO Capital Markets
Brian MacArthur, Analyst – UBS Securities
Carey MacRury, Equity Analyst – TD Securities
Ralph Profiti, Analyst – Eight Capital

The information provided above is from analysts, newsletters, the company and other contributors.

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