WPM:TSX; WPM:NYSE

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.
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Expert Comments:

Adrian Day
Money manager Adrian Day reviews recent developments at a number of resource companies in his portfolio.
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Charles Gibson, Edison Investment Research (12/19/18)
"Whereas the Canada Revenue Agency (CRA) had been seeking at least $265M from Wheaton Precious Metals Corp. in taxes, penalties and interest in relation to its reassessment for the 2005-10 tax years with subsequent years left open to similar reassessment, under the terms of the settlement the company will actually pay the CRA cash taxes of $5M for the 2011–17 tax years, $15M in deferred tax and $3–4M in interest. More importantly, the settlement creates a framework for both Wheaton and the CRA to assess tax in future years."

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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Frank Holmes, U.S. Global Investors (12/14/18)
"Today, gold mining investors and Canadian capital markets received an early Christmas gift; Wheaton Precious Metals Corp., one of the largest precious metals streaming companies in the world, announced that it reached a settlement with the Canada Revenue Agency. . .according to the agreement, income generated through the company's foreign subsidiaries will not be subject to Canadian taxes."

Cosmos Chiu, CIBC World Markets (12/14/18)
"Wheaton Precious Metals Corp. has reached a highly favorable settlement with the Canada Revenue Agency. The key point of the settlement is that foreign income on earnings generated by Wheaton International will not be subject to tax in Canada. . .more importantly, the settlement gives certainty and validity to the company's business model and will result in minimal additional taxes for future years."

Brian MacArthur, Raymond James (12/14/18)
"Foreign income on earnings generated by Wheaton Precious Metals Corp.'s Wheaton International will not be subject to tax in Canada. The service fee charged by Wheaton for the services provided to Wheaton International will be adjusted to include capital raising costs associated with the company for the purpose of funding streaming transactions entered into by Wheaton International; Wheaton will increase the mark-up applied to its cost of providing services to Wheaton International, including the above capital raising costs, from the current 20% to 30%."

Andrew Kaip, BMO Capital Markets (12/14/18)
"Following Wheaton Precious Metals Corp. hosting the tax settlement conference call, we circle back on some of the main takeaways. . .the application of the principles of the agreement to the taxation years 2011 to 2017 is expected to result in cash taxes payable of about $5M. . .the net result is a cash outlay for all past taxation years of less than $10M."

Andrew Kaip, BMO Capital Markets (12/14/18)
"Wheaton Precious Metals Corp. has reached a settlement on its tax dispute regarding foreign income with the Canada Revenue Agency (CRA) with only minor impacts on past earnings and tax implications going forward. . .the deal with the CRA provides final resolution of the company's tax appeal on the reassessment under transfer pricing rules for income from foreign subsidiaries for 2005 to 2010."

The Critical Investor profiles a developer with a copper-zinc project in British Columbia that has been attracting financing despite the current base metals slump.
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Adrian Day
Fund manager Adrian Day takes a look at the gold market and recent results from two of the royalty companies in his portfolio, and gives some suggestions of companies that he sees as good buys.
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This precious metals firm highlighted that Q2/18 revenue and operating cash flow were up year over year.
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Adrian Day
Fund manager Adrian Day takes a look at several major gold companies in his portfolio.
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More Expert Comments

Experts Following This Company

Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
The Critical Investor – The Critical Investor
Adrian Day, Founder – Adrian Day Asset Management
Charles Gibson, Director, Mining – Edison Investment Research
Frank Holmes, Chairman – U.S. Global Investors
Maurice Jackson
Andrew Kaip, Analyst – BMO Capital Markets
Brian MacArthur, Analyst – UBS Securities
Carey MacRury, Equity Analyst – TD Securities
Clive Maund – gold, silver & oil shares
Samuel Pelaez , Chief Investment Officer and Portfolio Manager – Galileo Global Equity Advisors Inc
Ralph Profiti, Analyst – Eight Capital
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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