- Wheaton Precious Metals reported a strong quarter in Q3 with a sharp recovery of gold-equivalent ounce production and record revenue of $307 million.
- This translated to a 113% increase in quarterly earnings per share, with the company also increasing its dividend to $0.12 per share or $0.48 annually.
- Despite this solid quarter and record financial results, the stock has taken a beating the past three months, down more than 30% from its year-to-date highs.
- Based on Wheaton Precious Metals set to see an earnings breakout next year, and now paying a more than 1.10% yield at current prices, I would view pullbacks below $41.25 as low-risk buying opportunities.
For further details see:
Wheaton Precious Metals: A Rare Opportunity To Buy This Streamer On Sale