Is Wheaton Precious Metals a Buy?
Barrick Gold (NYSE: ABX) and SSR Mining Inc. (NASDAQ: SSRM) dig gold and silver out of the ground and sell it. They are miners. Wheaton Precious Metals (NYSE: WPM) sells these precious metals, too, but it doesn't get its hands dirty running gold and silver mines. Wheaton is a streaming company. Barrick, SSR, and Wheaton are all ways to get exposure to precious metals, but Wheaton's streaming model has some advantages. Here's what you need to know.
Mining is an expensive and dangerous business. This is a simplification, but you have to find a good spot to dig, build a mine, run the mine, and then properly shut the mine down when it's depleted. There are potential pitfalls all along the way, some of which can lead to higher-than-expected costs and others that can completely shut a project down. And even the best mines generally face rising prices over time as they age.
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Source: Fool.com
Wheaton Precious Metals Corp. Stock
Currently there is a rather positive sentiment for Wheaton Precious Metals Corp. with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 50 € is below the current price of 55.02 € for Wheaton Precious Metals Corp., so the potential is actually -9.12%.
