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. Based upon its current agreements, forecast 2016 estimated annual attributable production is approximately 32 million ounces of silver and 305,000 ounces of gold. Wheaton Precious Metals' estimated average annual attributable production over the next five years is anticipated to be approximately 31 million ounces of silver and 330,000 ounces of gold per year.

Expert Comments:

"Wheaton Precious Metals Corp. is one of the three biggest and most successful royalty and streaming companies. When we had that downturn in the metal prices in 2015 and 2016, Silver Wheaton did very large royalties with some of the major miners that were producing gold as a byproduct. Those streams were in production and paying right then and there, so it immediately started getting returns on that. Wheaton Precious Metals has an issue with the Canadian Revenue Authority (CRA), which is trying to assess taxes on some of its offshore earnings. So, the company has somewhat been under a cloud. . .it has been in negotiation, and discovery, I believe, is finished now. But if the matter can get resolved favorably, and case law points to it might, Wheaton Precious Metals could have a very significant pop. I could see 20% in any single day if it gets this thing put to bed." read more >

Charles Gibson, Edison Investment Research (6/29/17)
"Wheaton Precious Metals Corp.'s Q1/17 net earnings were within 0.4% of our prior expectations. Gold sales once again exceeded silver sales. . .in relative terms, the company's shares are trading on near-term financial measures that are cheaper than those of its royalty/streaming 'peers' in about 92% of instances considered and the miners themselves in about 44%, despite being associated with materially less risk."

Brian MacArthur, Raymond James (6/15/17)
"We are resuming coverage on Wheaton Precious Metals Corp. (formerly Silver Wheaton Corp.) with an Outperform rating. . .the company has major streams on a number of quality assets (Salobo, Antamina, Penasquito) and ranks well on reserves, NAV growth, jurisdictional risk and trading liquidity. Longer term, Wheaton could benefit from the development of Pascua-Lama given its stream on the entire project and/or Rosemont."

Charles Gibson, Edison Investment Research (5/25/17)
"Wheaton Precious Metal Corp.'s Q1/17 results were closely aligned with our prior expectations. . .net earnings were $61.2M versus our expectation of $61.4M. . .additional upside exists in the potential expansion of Salobo and the development of Pascua Lama, among others."

"Wheaton Precious Metals Corp. is the new name for Silver Wheaton, a reflection of the fact that the majority of its revenues no longer come from silver." read more >

Jefferson Research (5/19/17)
"Wheaton Precious Metals Corp. is showing strong earnings quality and cash flow quality. . .the earnings quality for the company remains strongest. . .the cash flow quality rating for Wheaton remains strong."

Silver Wheaton and Franco-Nevada hosted a mine tour of the Antamina Mine in Peru on March 2, and the promise of substantial additions to the streaming company's assets prompted positive comments from two industry analysts.
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More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Jorge Beristain, Analyst – Deutsche Bank
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
Timothy Hayes – Davenport & Co.
Frank Holmes, Chairman – U.S. Global Investors
Andrew Kaip, Analyst – BMO Capital Markets
Ben Kramer-Miller, Chief Analyst miningWEALTH
Brian MacArthur, Analyst – UBS Securities
Kevin MacKenzie, Analyst – PI Financial
Phil Russo, Research Associate – Raymond James
Michael Siperco, Analyst, Mining Equity Research – Macquarie Capital Markets
Josh Wolfson, Precious Metals Analyst – Eight Capital

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

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