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Sitting on a Pile of Cash 4.0? And if Buffett is Right Again Gold is the Play


#gold #cash #royalty #streaming


Wheaton Precious Metals: this royalty stock makes good sense for more conservative accounts looking to have exposure to the precious metals sector. 

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian precious metals streaming company with approximately 60% of its revenues from the sale of silver and 40% from gold.

Under the terms of long-term contracts, the company purchases silver and gold from a variety of mines, including Goldcorp’s Penasquito mine in Mexico, Vale’s Salobo mine in Brazil, the Lundin Mining Zinkgruvan mine in Sweden, and Glencore’s Antamina and Yauliyacu mines in Peru, then sells the silver and gold into the open market.

Shareholders receive a 0.76% dividend.

Wheaton broke out on 9 April at 31.98 and confirmed on 20 August at 52.48.

The Support is now strong at 52.49, the resistance light through 60, and nothing higher.

Most Key technical indicators are Very Bullish, my analysis is Bullish across the board signaling a Buy rating.

My price target is now 76.60, up from 47.00. The consensus target is 55.33, and Wheaton Precious Metals stock finished at 52.48 Thursday in NY.

Wheaton Precious Metals Corp. was founded in Y 2004 and is HQ’d in Vancouver, Canada.

Have a healthy weekend, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.