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:

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."

Trevor Turnbull, Scotiabank (12/14/18)
"Wheaton Precious Metals Corp. announced a settlement with the Canada Revenue Agency that resolves its tax dispute and allows the company to pursue its existing business model without being subject to future Canadian taxes on its foreign income. . .we are increasing our target multiple to 2.5x with the tax dispute overhang removed, and our new one-year target price is rounded to $35/share."

Charles Gibson, Edison Investment Research (11/26/18)
"Production of gold, silver and palladium attributable to Wheaton Precious Metals Corp. from its streaming assets were all better than our expectations in Q3/14, a result of which is the company expects to exceed its previous guidance for FY18. Gold once again surpassed silver as Wheaton's biggest sales contributor."

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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
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.
Trevor Turnbull, Analyst – Scotia Capital Inc.

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

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