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. 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.
WPM:TSX WPM:NYSE

Expert Comments:

BMO Capital Markets (11/14/17)
"Wheaton Precious Metals Corp.'s Q3/17 deliveries of 95.9 Koz gold and 7.6 Moz silver were a beat relative to our expectation of 92.1 Koz gold and 6.9 Moz silver. . .the company could deliver a strong Q4/17 on increased sales as the miners delivering into their streams clear out concentrate inventories heading into year-end."

Charles Gibson, Edison Investment Research (11/10/17)
"Wheaton Precious Metals Corp.'s Q3/17 results were characterized by improvements in production relative to the previous quarter. . .once again, gold sales exceeded silver sales, in this case, in the ratio 52:48."

Brian MacArthur, Raymond James (11/9/17)
"Wheaton Precious Metals Corp. recorded sales of 158.4 Koz Au eq for Q3/17, and adjusted EPS came in at $0.15, essentially in line with our estimates. During the quarter, the company generated $129M in operating cash flows and repaid $99M in debt."

Andrew Kaip, BMO Capital Markets (11/9/17)
"Wheaton Precious Metals Corp. reported an in line Q3/17. . .deliveries of 95.9 Koz gold and 7.6 Moz silver were a beat relative to our expectation of 92.1 Koz gold and 6.9 Moz silver. . .adjusted EPS of $0.15 was in line with our estimate of $0.14 and consensus of $0.15."

Charles Gibson, Edison Investment Research (10/26/17)
"Wheaton Precious Metals Corp. Q2 earnings from operations were closely in line with our forecasts. . .management formally changed the company's dividend policy, which allowed it to declare a 10c third quarter dividend compared to our prior expectation of 6c. . .WPM also announced an 'Early Deposit' agreement, whereby it will advance US$65m to Desert Star in return for the right to purchase 100% of the silver and gold from Kutcho in British Columbia at 20% of spot over the life of the mine. . .we forecast a value per share for WPM of US$38.29, or C$48.71, in FY20."

Charles Gibson, Edison Investment Research (9/21/17)
"Management formally changed Wheaton Precious Metals Corp.'s dividend policy, which allowed it to declare a $0.10 Q3/17 dividend, compared to our prior expectation of $0.06. Finally, the company also announced that it had entered into an 'early deposit' agreement whereby it will advance $65M to Desert Star in return for the right to purchase 100% of the silver and gold from Kutcho in British Columbia at 20% of spot over the life of the mine."

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
Timothy Hayes – Davenport & Co.
Frank Holmes, Chairman – U.S. Global Investors
Andrew Kaip, Analyst – BMO Capital Markets
Brian MacArthur, Analyst – UBS Securities
Michael Siperco, Analyst, Mining Equity Research – Macquarie Capital Markets
Josh Wolfson, Precious Metals Analyst – Eight Capital

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