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
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/18/2024 04:36:12 PM
- Wheaton Precious Metals Launches $1 Million Future of Mining Challenge • PR Newswire (Canada) • 09/16/2024 12:30:00 PM
- Wheaton Precious Metals Launches $1 Million Future of Mining Challenge • PR Newswire (US) • 09/16/2024 12:30:00 PM
- Wheaton Precious Metals Announces Investor Day Webcast on September 24, 2024 • PR Newswire (US) • 08/22/2024 09:00:00 PM
- Wheaton Precious Metals Announces Investor Day Webcast on September 24, 2024 • PR Newswire (Canada) • 08/22/2024 09:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 09:29:04 PM
- DIVIDEND DECLARATION - Wheaton Precious Metals Announces Quarterly Dividend • PR Newswire (US) • 08/07/2024 09:01:00 PM
- DIVIDEND DECLARATION - Wheaton Precious Metals Announces Quarterly Dividend • PR Newswire (Canada) • 08/07/2024 09:01:00 PM
- Wheaton Precious Metals Announces Second Quarter 2024 Results and Record Operating Cash Flow for the First Half of 2024 • PR Newswire (US) • 08/07/2024 09:00:00 PM
- Wheaton Precious Metals Announces Second Quarter 2024 Results and Record Operating Cash Flow for the First Half of 2024 • PR Newswire (Canada) • 08/07/2024 09:00:00 PM
- Wheaton Precious Metals to Release 2024 Second Quarter Results on August 7, 2024 • PR Newswire (Canada) • 07/03/2024 09:00:00 PM
- Wheaton Precious Metals to Release 2024 Second Quarter Results on August 7, 2024 • PR Newswire (US) • 07/03/2024 09:00:00 PM
- Wheaton Precious Metals Named Among Corporate Knights' 50 Best Corporate Citizens in Canada • PR Newswire (US) • 06/26/2024 12:07:00 PM
- Wheaton Precious Metals Named Among Corporate Knights' 50 Best Corporate Citizens in Canada • PR Newswire (Canada) • 06/26/2024 12:07:00 PM
- Wheaton Precious Metals Publishes 2023 Climate Change Report • PR Newswire (Canada) • 06/24/2024 09:53:00 PM
- Wheaton Precious Metals Publishes 2023 Climate Change Report • PR Newswire (US) • 06/24/2024 09:53:00 PM
- Wheaton Precious Metals Publishes 2023 Sustainability Report • PR Newswire (US) • 05/23/2024 10:26:00 PM
- Wheaton Precious Metals Publishes 2023 Sustainability Report • PR Newswire (Canada) • 05/23/2024 10:26:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 02:59:38 PM
- 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 (US) • 05/09/2024 09:01:00 PM
- Wheaton Precious Metals Announces Quarterly Dividend • PR Newswire (Canada) • 05/09/2024 09:01:00 PM
- Wheaton Precious Metals Announces First Quarter 2024 Results • PR Newswire (US) • 05/09/2024 09:00:00 PM
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