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:

Company president sees this stream as a foundational asset.
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Andrew Kaip, BMO Capital Markets (7/16/18)
"Following the announced gold and palladium stream deal this morning for $500M with Sibanye-Stillwater, it's been a busy few weeks for Wheaton Precious Metals Corp., which just closed a cobalt stream with Vale. . .[the new stream] strengthens the company's growth profile, increases operator diversity and is mildly accretive to 2019 EPS and CFPS in the range of 1% to 4%, respectively."

Samuel Pelaez
In a period of economic uncertainty exacerbated by threats of a trade war, Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, delves beyond the headlines to discuss the factors that are influencing gold, oil and other commodities, and why he believes we are on the cusp of a once-in-a-lifetime opportunity in commodities.
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A Voisey's Bay cobalt production agreement is finalized.
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Andrew Kaip, BMO Capital Markets (6/29/18)
"We are resuming coverage of Wheaton Precious Metals Corp. with an Outperform rating and a $28 target price following the acquisition of a cobalt stream from Vale for $390M. . .Wheaton took a tempered approach toward acquiring the cobalt stream, balancing the potential to acquire the entire available cobalt stream while recognizing the need to maintain future byproduct exposure at reasonable levels."

Charles Gibson, Edison Investment Research (6/21/18)
"Wheaton Precious Metals Corp. announced that it had entered into an agreement with Vale to acquire 42.4% of cobalt production from Voisey's Bay from FY21 for an upfront cash consideration of $390M. We estimate that this acquisition will increase Wheaton's silver equivalent production by 3.1 Moz and 4.7 Moz and its basic EPS by $0.047 and $0.093 in FY21 and FY24, respectively."

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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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
Maurice Jackson
Andrew Kaip, Analyst – BMO Capital Markets
Brian MacArthur, Analyst – UBS Securities
Carey MacRury, Equity Analyst – TD Securities
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.

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

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Wheaton Precious Metals Corp. Content