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:

Adrian Day
Money manager Adrian Day reviews four companies that he sees as buys.
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Trefis (4/11/18)
"Wheaton Precious Metals Corp. currently has 14 silver purchase agreements and two precious metals agreements. . .based upon its current agreements and forecasts for 2018, attributable sales are expected to total 20 Moz silver and 337 Koz gold. The company's estimated average annual production over the next five years is anticipated to be approximately 25 Moz silver equivalent, including 370 Koz gold."

Charles Gibson, Edison Investment Research (3/27/18)
"Wheaton Precious Metals Corp.'s FY17 results were characterized by a record level of gold sales and of dividend payouts to shareholders. Results for Q4 were notable for the close correlation of production and sales, demonstrating the traditional ‘flush through’ effect in the final quarter of the year.. .additional potential upside still then exists in the form of the optionality provided by the development of major assets such as Pascua-Lama, etc."

Ralph Profiti, Eight Capital (3/22/18)
"Wheaton Precious Metals Corp. reported Q4/17 adjusted EBITDA of $165M versus our estimate of $146M (consensus: $143M) and adjusted earnings per share of $0.19 versus our estimate of $0.16 (consensus: $0.16) on 13% higher silver equivalent sales (14.5 Moz versus our 12.9 Moz). . .attributable production of 7.2 Moz silver and 96 Koz gold compares to our 6.9 Moz (consensus: 7.2 Moz) and 79 Koz gold (consensus: 97 Koz)."

Brian MacArthur, Raymond James (3/22/18)
"Wheaton Precious Metals Corp. produced 28.6 Moz silver and 355 Koz gold in FY17, exceeding guidance of 28 Moz silver and 340 Koz gold, respectively. . .the company generated over $165M in operating cash flow during Q4/17 and ended 2017 with $99M in cash and equivalents."

Brian MacArthur, Raymond James (2/23/18)
"Given Wheaton Precious Metals Corp.'s high-quality and diversified asset base and high-margin and scalable business model, we rate its shares Outperform. We have updated our model to reflect updated production forecasts and reserve/resource estimates given by operators on some of the company's major royalties/streams, specifically Penasquito, Pascua-Lama, Antamina, 777 and Constancia; our target price is $25."

Charles Gibson, Edison Investment Research (2/15/18)
"We value the cash flows to Wheaton Precious Metals Corp. from San Dimas for the period FY18 to FY33 at $252.90, or $0.57/Wheaton share, once the First Majestic-Primero transaction concludes. . .we expect Wheaton to become a majority gold streaming company [there]. . .investors [are] in line for a 37.6% internal rate of return over three years."

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
Andrew Kaip, Analyst – BMO Capital Markets
Brian MacArthur, Analyst – UBS Securities
Ralph Profiti, Analyst – Eight Capital
Josh Wolfson, Precious Metals Analyst – Eight Capital

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

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