Why I Love Wheaton Precious Metals
Gold and silver are commodities subject to swift and often severe price swings. That volatility can make owning precious metals miners like Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM) a vexing affair at times, which is why investors looking at the precious metals mining industry should step back and consider a company like Wheaton Precious Metals (NYSE: WPM). It's a streaming company, and there's a lot to love about the way it approaches the precious metals space.
Miners try to find a good location for digging up commodities like silver and gold. Then they build a mine, run it, and, eventually shut the mine down. It's a labor intensive, time consuming, expensive, and sometimes uncertain process. Now layer on top of all of that the fact that silver and gold are volatile commodities.
However, Wheaton Precious Metals doesn't work like a miner.
Source: Fool.com
Barrick Gold Corp Stock
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Barrick Gold Corp.
With a target price of 18 € there is a slightly positive potential of 5.94% for Barrick Gold Corp compared to the current price of 16.99 €.
