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:

headshot of Andrew Kaip

Andrew Kaip, BMO Capital Markets

"Randy Smallwood, president/CEO of Wheaton Precious Metals, presented at the 2019 BMO Global Metals & Mining Conference. . .Smallwood discussed production results of the company and the five-year forecast for it. . .for 2019, Wheaton is targeting 690 Koz gold equivalent (Au eq). Over the next five years, annual production is expected to average 750 Koz/year Au eq."

Andrew Kaip, BMO Capital Markets

"Wheaton Precious Metals Corp. released 2018 deliveries, sales and guidance for 2019 through 2023. All was as expected, and if you have not yet noticed, guidance is now in gold not silver and gold ounces going forward as the company is increasingly weighted towards gold revenues."

Clive Maund, CliveMaund.com

"Wheaton Precious Metals Corp.'s breakout from the pennant and subsequent advance has been on good volume that has driven the accumulation line higher, which is bullish. . .after the advance of recent weeks, this is a solidly bullish picture, especially as a 'golden cross' is imminent, a crossover of the 50- and 200-day moving averages, leading to the latter turning up, which will mark the start of a new bull market and should lead to upside acceleration."

Clive Maund, CliveMaund.com

"This is considered to be a very strong [stock] picture for Wheaton Precious Metals Corp.; the company blasted higher in December out of a double bottom, gapping out of the base pattern on huge volume. When you see a move like this, it normally portends a vigorous bull market that takes the stock to much higher levels, and given the now positive outlook for the sector, this is an easy outcome to envisage."

Adrian Day
Money manager Adrian Day reviews recent developments at a number of resource companies in his portfolio.
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Charles Gibson, Edison Investment Research

"Whereas the Canada Revenue Agency (CRA) had been seeking at least $265M from Wheaton Precious Metals Corp. in taxes, penalties and interest in relation to its reassessment for the 2005-10 tax years with subsequent years left open to similar reassessment, under the terms of the settlement the company will actually pay the CRA cash taxes of $5M for the 2011–17 tax years, $15M in deferred tax and $3–4M in interest. More importantly, the settlement creates a framework for both Wheaton and the CRA to assess tax in future years."

Numerous analysts weigh in on the agreement and what it means for the Canadian precious metals firm.
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Technical analyst Clive Maund charts this royalty and streaming company and explains why he expects its shares to continue to rise.
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A Canaccord Genuity report discussed the agreement implications specifically and broadly.
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Company states that the settlement "removes uncertainty with the use of our business model."
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Frank Holmes, U.S. Global Investors

"Today, gold mining investors and Canadian capital markets received an early Christmas gift; Wheaton Precious Metals Corp., one of the largest precious metals streaming companies in the world, announced that it reached a settlement with the Canada Revenue Agency. . .according to the agreement, income generated through the company's foreign subsidiaries will not be subject to Canadian taxes."

More Expert Comments

Experts Following This Company

headshot of Cosmos Chiu
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
The Critical Investor – The Critical Investor
headshot of Adrian Day
Adrian Day, Founder – Adrian Day Asset Management
headshot of Charles Gibson
Charles Gibson, Director, Mining – Edison Investment Research
headshot of Frank Holmes
Frank Holmes, Chairman – U.S. Global Investors
headshot of Maurice Jackson
Maurice Jackson
headshot of Andrew Kaip
Andrew Kaip, Analyst – BMO Capital Markets
Brian MacArthur, Analyst – UBS Securities
Carey MacRury, Equity Analyst – TD Securities
Clive Maund – CliveMaund.com
headshot of Samuel Pelaez
Samuel Pelaez , Chief Investment Officer and Portfolio Manager – Galileo Global Equity Advisors Inc
Ralph Profiti, Analyst – Eight Capital
headshot of Rick Rule
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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