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
Fund manager Adrian Day takes a look at several major gold companies in his portfolio.
read more >
Charles Gibson, Edison Investment Research (7/24/18)
"On July 16, Wheaton Precious Metals Corp. announced it had entered into an agreement with Sibanye to acquire 100% of the gold production plus a percentage of the palladium production from the Stillwater and East Boulder mines for an upfront cash consideration of $500M. On an underlying basis, we expect the transaction to add $0.04 (or about 5%) to the company's basic EPS per year over the 10 years from FY21 to FY30."

Company president sees this stream as a foundational asset.
read more >
Cosmos Chiu, CIBC World Markets (7/16/18)
"From Sibanye-Stillwater at the Stillwater mine in Montana, Wheaton Precious Metals Corp. is acquiring a 4.5% (subject to decreases once thresholds reached) stream on palladium and a 100% stream on gold, subject to a cost of 18% of spot (increases to 22% once thresholds are met). For the first 10 years, this works out to 14.5 Koz gold and 29 Koz palladium."

Brian MacArthur, Raymond James (7/16/18)
"Wheaton Precious Metals Corp. will receive 100% of gold production from Stillwater and initially receive 4.5% of palladium production from Stillwater. . .in exchange for a $500M upfront cash payment upon closing and ongoing payments equal to 18% of the spot gold price and spot palladium price. . .we view the transaction positively, given it provides the company with immediate cash flow, gold equivalent growth and exploration upside in a low jurisdictional risk area."

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."

Trefis (7/14/18)
"Based upon Wheaton Precious Metals Corp.'s 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."

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.
read more >
A Voisey's Bay cobalt production agreement is finalized.
read more >
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."

An Eight Capital report reviewed this Vancouver-based firm's recent acquisition.
read more >
Adrian Day
Money manager Adrian Day reviews updates at three companies, including a rejected takeover bid.
read more >
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.
read more >
Adrian Day
Money manager Adrian Day reviews four companies that he sees as buys.
read more >

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.

Wheaton Precious Metals Corp. is a sponsor of Streetwise Reports. The company's sponsorship fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Readers should conduct their own research for all information publicly available concerning the company.