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    WPM   CA9628791027

WHEATON PRECIOUS METALS CORP.

(WPM)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-10-03 pm EDT
45.82 CAD   +2.44%
09/28Sabina Gold & Silver makes 1st Draw On US$125M Gold Stream Facility
MT
09/26National Bank of Canada Retains Wheaton Precious Metals' Outperform Rating
MT
09/08Generation Mining Receives Second $20 Million From Wheaton Precious Metals Over Marathon Project
MT
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Wheaton Precious Metals Shares Fall on Peru Stream Divestiture

08/19/2022 | 11:21am EDT

By Adriano Marchese


Shares in Wheaton Precious Metals Corp. were lower mid-morning after the company said it will divest a silver stream in Peru to a subsidiary of Glencore PLC for $150 million, lowering its average production over the course of the decade.

At 10:55 a.m. ET, shares were trading 1.4% lower at C$41.55.

On Thursday after markets closed, the Canadian precious metals streaming company said it has agreed to terminate the stream to help the sale by Glencore of the Yauliyacu mine.

As a result of the transaction, Wheaton said it expects its annual production over the next five years to fall to around an average of 800,000 gold equivalent ounces.

Previously, it had set a target of an average of 820,000 ounces a year for the period.

Production also is expected to be lower over the longer term, Wheaton Said, with average production expected to be around 850,000 ounces a year until the end of 2031, down from a previous target for an average of 870,000 ounces a year.

For this year, production targets are still maintained at between 640,000 and 680,000 ounces.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

08-19-22 1120ET

Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE PLC 0.72% 490.8 Delayed Quote.29.76%
MSCI PERU (GDTR) 3.88% 4946.8 Real-time Quote.-6.74%
PLATINUM 0.49% 909.236 Delayed Quote.-6.53%
S&P GSCI PRECIOUS METALS INDEX -0.11% 2226.83 Real-time Quote.-9.55%
SILVER 0.30% 20.817 Delayed Quote.-18.00%
WHEATON PRECIOUS METALS CORP. 2.44% 45.82 Delayed Quote.-15.59%
All news about WHEATON PRECIOUS METALS CORP.
09/28Sabina Gold & Silver makes 1st Draw On US$125M Gold Stream Facility
MT
09/26National Bank of Canada Retains Wheaton Precious Metals' Outperform Rating
MT
09/08Generation Mining Receives Second $20 Million From Wheaton Precious Metals Over Maratho..
MT
09/07Hecla Mining Completes Alexco Resource Buyout
MT
09/07Hecla Mining Company (NYSE:HL) completed the acquisition of r..
CI
08/25WHEATON PRECIOUS METALS CORP. : Ex-dividend day for
FA
08/19Toronto Stocks Slide; Lundin Mining Falls Amid Sinkhole Investigation in Chile
DJ
08/19Wheaton Precious Metals Shares Fall on Peru Stream Divestiture
DJ
08/19National Bank of Canada Says Wheaton's Silver Stream Termination Boosts M&A Funding
MT
08/19Wheaton Precious Metals, Glencore to End Silver Streaming Deal on Peru Mine
MT
More news
Analyst Recommendations on WHEATON PRECIOUS METALS CORP.
More recommendations
Financials (USD)
Sales 2022 1 136 M - -
Net income 2022 537 M - -
Net cash 2022 607 M - -
P/E ratio 2022 27,8x
Yield 2022 2,02%
Capitalization 15 175 M 15 175 M -
EV / Sales 2022 12,8x
EV / Sales 2023 11,8x
Nbr of Employees 44
Free-Float 99,6%
Chart WHEATON PRECIOUS METALS CORP.
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Wheaton Precious Metals Corp. Technical Analysis Chart | MarketScreener
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Technical analysis trends WHEATON PRECIOUS METALS CORP.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 33,60 $
Average target price 48,63 $
Spread / Average Target 44,7%
EPS Revisions
Managers and Directors
Randy Vernon Joseph Smallwood Executive Vice President-Corporate Development
Gary Duncan Brown Senior VP, Chief Financial & Accounting Officer
George Leslie Brack Chairman
Neil R. Burns Vice President-Technical Services
John A. Brough Independent Director
Sector and Competitors
1st jan.Capi. (M$)
WHEATON PRECIOUS METALS CORP.-15.59%15 175
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AGNICO EAGLE MINES LIMITED-17.05%20 054
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NEWCREST MINING LIMITED-31.94%9 671