#6 - Wheaton Precious Metals Corp. (NYSE:WPM)
Wheaton Precious Metals Corp. (NYSE: WPM) is a precious metals streaming company, which means it purchases all or some of the production from mines. This allows investors to benefit from the upside of traditional mining companies while avoiding several of the risks associated with traditional mining projects.
Wheaton has a diverse portfolio, with 18 operating mines and 28 development-stage projects. While most of its current revenue comes from gold—including a $175 million gold streaming agreement with Allied Gold in Africa that could enhance its NAV for the next decade—silver is set to play a growing role.
Between 2024 and 2028, Wheaton expects approximately 36% of its revenue to come from silver, primarily from two key projects: Blackwater Project in Canada and Mineral Park Project in Arizona.
For investors seeking silver exposure with lower risk than traditional mining stocks, Wheaton’s streaming model, diversified assets, and growing silver revenue make it an attractive option.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.
More about Wheaton Precious Metals- Current Price
- $70.34
- Consensus Rating
- Buy
- Ratings Breakdown
- 10 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $71.67 (1.9% Upside)
