FNV - Wheaton Precious Metals: Q1 2024 Results Make This Stock A Solid Buy

2024-05-11 01:10:12 ET

Summary

• Wheaton Precious Metals is a leading streaming company in the gold and silver sector, competing closely with Franco-Nevada Corporation.
• The company has a strong financial position, with a market capitalization of $24.03B and a cash position of $306 million with a credit facility of $2 Billion.
• Wheaton Precious Metals is focused on aggressive growth, with plans to increase production by 40% by 2028 and forecasted annual production of over 800,000 gold equivalent ounces.
• Their relentless approach to deal-making has catapulted a once small silver streamer to a market leader in this tiny sector of the market.

Introduction

Wheaton Precious Metals ( WPM ) is one of the biggest streaming companies in the world, primarily focused on the gold and silver sector. The world leader in this space was the Franco-Nevada Corporation ( FNV ) which has a Market Capitalization of $24.24B . ...

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