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:

A BMO Capital Markets report presented both sets of figures.
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Charles Gibson, Edison Investment Research

"Wheaton Precious Metals Corp.'s FY18 production outcome exceeded guidance for all of its products (namely gold, silver and palladium) to the point at which gold production and sales also achieved new records. Not only was gold production during the year ahead of guidance (which was expected), but it was also materially ahead of our prior expectations, driven by a 12.2% increase in production attributable from Salobo, and accounted for 64.3% of the company's sales."

Brian MacArthur, Raymond James

"Given our positive view of Wheaton Precious Metals Corp.'s high quality and diversified asset base, high-margin and scalable business model, we rate its shares Outperform. . .Q4/18 adjusted earnings per share came in at $0.08, generally in line with our estimate of $0.09. The company generated about $108M in operating cash flow in Q4/18 and ended 2018 with about $76M in cash."

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Andrew Kaip, BMO Capital Markets

"Wheaton Precious Metals Corp.'s Q4/18 adjusted earnings per share of $0.08 was above our estimate and consensus of $0.05; the beat relative to our expectations was attributable to lower costs and depletion, as well as an adjustment for professional fees related to the Canada Revenue Agency settlement, which we included in our estimate. Operating cash flow came in at $108.5M, better than our estimate for $96M."

Andrew Kaip, BMO Capital Markets

"Randy Smallwood, president/CEO of Wheaton Precious Metals, presented at the 2019 BMO Global Metals & Mining Conference. . .Smallwood discussed production results of the company and the five-year forecast for it. . .for 2019, Wheaton is targeting 690 Koz gold equivalent (Au eq). Over the next five years, annual production is expected to average 750 Koz/year Au eq."

Andrew Kaip, BMO Capital Markets

"Wheaton Precious Metals Corp. released 2018 deliveries, sales and guidance for 2019 through 2023. All was as expected, and if you have not yet noticed, guidance is now in gold not silver and gold ounces going forward as the company is increasingly weighted towards gold revenues."

Clive Maund, CliveMaund.com

"Wheaton Precious Metals Corp.'s breakout from the pennant and subsequent advance has been on good volume that has driven the accumulation line higher, which is bullish. . .after the advance of recent weeks, this is a solidly bullish picture, especially as a 'golden cross' is imminent, a crossover of the 50- and 200-day moving averages, leading to the latter turning up, which will mark the start of a new bull market and should lead to upside acceleration."

Adrian Day
Money manager Adrian Day reviews recent developments at a number of resource companies in his portfolio.
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Numerous analysts weigh in on the agreement and what it means for the Canadian precious metals firm.
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Technical analyst Clive Maund charts this royalty and streaming company and explains why he expects its shares to continue to rise.
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A Canaccord Genuity report discussed the agreement implications specifically and broadly.
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Company states that the settlement "removes uncertainty with the use of our business model."
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More Expert Comments

Experts Following This Company

headshot of Cosmos Chiu
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
The Critical Investor – The Critical Investor
headshot of Adrian Day
Adrian Day, Founder – Adrian Day Asset Management
headshot of Charles Gibson
Charles Gibson, Director, Mining – Edison Investment Research
headshot of Frank Holmes
Frank Holmes, Chairman – U.S. Global Investors
headshot of Maurice Jackson
Maurice Jackson
headshot of Andrew Kaip
Andrew Kaip, Analyst – BMO Capital Markets
Brian MacArthur, Analyst – UBS Securities
Carey MacRury, Equity Analyst – TD Securities
Clive Maund – CliveMaund.com
headshot of Samuel Pelaez
Samuel Pelaez , Chief Investment Officer and Portfolio Manager – Galileo Global Equity Advisors Inc
Ralph Profiti, Analyst – Eight Capital
headshot of Rick Rule
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Trevor Turnbull, Analyst – Scotia Capital Inc.

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

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