Friday, December 15, 2017 12:08:55 AM
Motley FoolDecember 14, 2017
3. Wheaton Precious Metals
Though once called Silver Wheaton, Wheaton Precious Metals is now a bona fide precious-metal streaming powerhouse. It has interests in numerous world-class assets, including silver and gold streams at Hudbay Minerals' Constancia project and Vale S.A.'s Salobo and Sudbury mines. All told, Wheaton Precious Metals has around 20 precious-metal streaming agreements with the most respected mining companies in the world, including Goldcorp, Vale, Glencore, and Barrick Gold.
Recent results have been less enthralling. Gold production for the third quarter fell 15% year over year, but this was expected, because Wheaton ratcheted down its share of the gold produced in a few of its mines.
Looking toward the future, things get a little more shiny. Management reiterated its production guidance for the year in its third-quarter conference call, estimating the company will produce 340,000 ounces of gold and 28 million ounces of silver for fiscal 2017. This figure is expected to hold steady for the next five years -- which is a boon for investors, as it doesn't include the company's share of Barrick Gold's Pascua-Lama project or Hudbay's Rosemont mine. In a recent investor presentation, management noted that should these stakes play out as expected, Wheaton would see an estimated 45% increase in total silver and gold production.
Lastly, with the ship holding steady, management took the opportunity following Q3's results to declare a quarterly dividend of $0.09 per share -- 50% higher than last year. This payout has plenty of room to run as it is set at 30% of the company's average operating cash flow from its previous four quarters.
https://finance.yahoo.com/news/3-gold-stocks-buy-even-141600649.html
Recent WPM News
- Wheaton Precious Metals Announces Election of Directors and Approval of Special Matters and Welcomes New Board Member • PR Newswire (US) • 05/10/2024 09:10:00 PM
- Wheaton Precious Metals Announces Election of Directors and Approval of Special Matters and Welcomes New Board Member • PR Newswire (Canada) • 05/10/2024 09:10:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 09:20:48 PM
- Wheaton Precious Metals Announces Quarterly Dividend • PR Newswire (Canada) • 05/09/2024 09:01:00 PM
- Wheaton Precious Metals Announces Quarterly Dividend • PR Newswire (US) • 05/09/2024 09:01:00 PM
- Wheaton Precious Metals Announces First Quarter 2024 Results • PR Newswire (Canada) • 05/09/2024 09:00:00 PM
- Wheaton Precious Metals Announces First Quarter 2024 Results • PR Newswire (US) • 05/09/2024 09:00:00 PM
- Wheaton Precious Metals to Release 2024 First Quarter Results on May 9, 2024 • PR Newswire (Canada) • 04/08/2024 09:00:00 PM
- Wheaton Precious Metals to Release 2024 First Quarter Results on May 9, 2024 • PR Newswire (US) • 04/08/2024 09:00:00 PM
- Wheaton Precious Metals Provides Details of Annual and Special Meeting of Shareholders and Files Form 40-F • PR Newswire (US) • 03/28/2024 09:07:00 PM
- Wheaton Precious Metals Provides Details of Annual and Special Meeting of Shareholders and Files Form 40-F • PR Newswire (Canada) • 03/28/2024 09:07:00 PM
- Wheaton Precious Metals Announces Increase to Quarterly Dividend • PR Newswire (Canada) • 03/14/2024 09:09:00 PM
- Wheaton Precious Metals Announces Increase to Quarterly Dividend • PR Newswire (US) • 03/14/2024 09:09:00 PM
- Wheaton Precious Metals Announces Solid 2023 Annual Results and Transition to Progressive Dividend Policy • PR Newswire (Canada) • 03/14/2024 09:07:00 PM
- Wheaton Precious Metals Announces Solid 2023 Annual Results and Transition to Progressive Dividend Policy • PR Newswire (US) • 03/14/2024 09:07:00 PM
- U.S. Stock Futures Rise Ahead Of PPI and Retail Sales; Oil Prices Climb • IH Market News • 03/14/2024 11:41:01 AM
- Wheaton Precious Metals Announces 2023 Production and Sales Results and Forecasts 40% Growth in the Next Five Years • PR Newswire (Canada) • 02/21/2024 12:31:00 AM
- Wheaton Precious Metals Announces 2023 Production and Sales Results and Forecasts 40% Growth in the Next Five Years • PR Newswire (US) • 02/21/2024 12:31:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 11:14:12 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/08/2024 03:26:28 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/17/2024 06:54:12 PM
- Wheaton Precious Metals Recognized Among Corporate Knights' 2024 100 Most Sustainable Corporations in the World • PR Newswire (US) • 01/17/2024 06:05:00 PM
- Wheaton Precious Metals Recognized Among Corporate Knights' 2024 100 Most Sustainable Corporations in the World • PR Newswire (Canada) • 01/17/2024 06:05:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/22/2023 06:00:19 PM
- Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test at Salobo • PR Newswire (US) • 11/21/2023 10:00:00 PM
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