- Wheaton Precious Metals has slid more than 37% from its Q3 2020 highs to its recent lows despite a record quarter in Q2.
- The solid Q2 performance was driven by initial gold deliveries from Marmato, initial production from Pampacancha, as well as the start of production at Keno Hill in the Yukon.
- This record production combined with much higher silver prices on a year-over-year basis translated to record revenue and 64% growth in quarterly earnings per share year-over-year.
- With an increased dividend, steady attributable production growth ahead, and double-digit annual EPS growth looking out to FY2023, Wheaton Precious Metals looks like a Buy on any dips below $38.70.
For further details see:
Wheaton Precious Metals: Further Weakness Should Present A Buying Opportunity