Why Wheaton Precious Metals Corp. Fell Nearly 10% in September
Gold and silver streamer Wheaton Precious Metals Corp. (NYSE: WPM) fell a little over 8% in September, but was off more than 9% from the high it set early in the month. The thing is, Wheaton wasn't alone in its decline. Fellow streaming peers Royal Gold (NASDAQ: RGLD) and Franco-Nevada Corp. (NYSE: FNV) also traded lower, with both falling more than 8% from their early highs in September.
None of this trio actually operates any mines. Their business models are to provide cash up front to miners in exchange for the right to buy gold and silver at reduced prices in the the future. They then sell the gold at higher prices on the spot market. So, even though they don't face any of the inherent risks of running a mine, they still have to deal with the uncertainty inherent in the commodity markets.
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Source: Fool.com
Royal Gold Inc. Aktie
Mehrere Buy-Einschätzungen für Royal Gold Inc., die die Sell-Einschätzungen übersteigen.
Für Royal Gold Inc. sieht die Community ein Kursziel von 145 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 116.85 € bedeutet.
