|Bid||0.00 x 2200|
|Ask||0.00 x 1800|
|Day's Range||27.15 - 28.74|
|52 Week Range||15.08 - 28.74|
|Beta (3Y Monthly)||-0.42|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.36 (1.33%)|
|1y Target Est||31.80|
TSX: WPM NYSE: WPM VANCOUVER, British Columbia , Aug. 9, 2019 /PRNewswire/ -- Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce its results for the ...
Ray Dalio, who helped create hedge fund giant Bridgewater, thinks gold's day in the sun is coming. Here's the best way to follow his advice.
Wheaton Precious Metals (WPM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
It's been said there's always a bull market somewhere. But if you want to catch this type of trend as its emerging on the price chart, there may be no better spot than in silver. And the smarter way to capitalize on this cycle is buying leadership in silver stocks Wheaton Precious Metals (NYSE:WPM), Pan American Silver (NASDAQ:PAAS) and First Majestic Silver (NYSE:AG).Silver has earned a reputation as the proverbial ugly sister of gold. And in recent years that label has been rightfully earned. Performance wise, the iShares Gold Trust (NYSEARCA:GLD) recently broke above its key 2016 high. At the same time, the iShares Silver Trust (NYSEARCA:SLV) is about 23% below that year's high-water mark.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe under-performance doesn't stop there either. Right now GLD stock is also roughly 27% from its high in 2011 which immediately preceded a lengthy bear market for the precious metal. On the other hand, silver is off by 70%. And unlike gold, silver is still in the grips of this menacing force. * The 10 Best Stocks to Invest in for August Markets do however rotate through both bull and bear cycles. Some may take their time, but it's a universal truth. What's more, those winds of change are blowing for silver stocks following May's higher low pattern in the commodity and this month's breakout of downtrend resistance dating back to the 2016. And that's even better news for market-leading silver stocks WPM, PAAS and AG stock.But to position more smartly, it's time to locate entry points in these silver stocks which offer bullish exposure with less risk and stronger upside potential. Wheaton Precious Metals (WPM) Click to EnlargeWheaton Precious Metals is the first of our silver stocks to buy. WPM stock has displayed relative strength during all of 2019 and there's little reason to think this trend won't continue. After breaking out and subsequently successfully testing downtrend resistance dating back to 2016, WPM has continued to rally strongly to fresh relative highs.The provided weekly view of this silver stock does a good job of displaying WPM's technical wherewithal. However, a candle topping pattern and overbought situation suggests a pullback is likely and hence, buying into weakness is the strategy of choice.Put WPM stock on the radar for a pullback entry. Ideally, a decline in price will result in this silver stock moving into the area from $23 - $24.50 which has multiple layers of Fibonacci and trendline support. A price drop of this size should also neutralize today's overbought condition. I'd suggest using a confirmed weekly low in shares for exiting and taking initial profits as shares rally to challenge 2016's high. Pan American Silver (PAAS) Click to EnlargePan American is the second of our silver stocks. Unlike WPM, shares haven't broken out above trendline resistance. But PAAS stock is interesting as it displayed relative strength back in 2017 by challenging 2016's ubiquitous high when other silver stocks were sinking.Since that period of outperformance PAAS has put together a downward sloping channel. Shares are now stationed up against resistance. However, they've also broken above the 50% retracement level from the 2017 high. Given a bit of additional consolidation work and maybe a chance for its own overbought conditions to be worked off, this silver stock looks good to stage a meaningful breakout. * 6 Upcoming IPOs for August Buy this silver stock on a breakout. Maybe PAAS's overbought conditions will ease before a trigger, but sometimes overbought conditions beget more of the same. This looks like one of those situations. I'd recommend using the consolidation low or up to 10% for a stop-loss to contain downside exposure. On the upside, a challenge of PAAS stock's 2016 and 2017 highs near $21 for taking partial profits is suggested. First Majestic Sliver (AG) Click to EnlargeFirst Majestic Silver is the last of our silver stocks. In 2016, AG stock showed amazing technical leadership as shares blasted higher by nearly six-fold before crashing lower with silver and most other industry players. With AG stock I'm looking for a return of price momentum in 2019's second half.Currently shares of AG are testing the 2017 high which is aligned with the 38% retracement level from 2016's cycle peak. Similar to PAAS, I'm not expecting a deeper pullback pattern to emerge. It could happen, but for now I'd put this silver stock on the radar for purchase above the high formed last week.On the upside, I'd be aware of the $12.00 area as the 50% retracement level comes into play. However, with AG stock above its 2017 peak and the decline from 2016's high a swift price collapse, I'm anticipating resistance won't be any trouble until approximately $13.50 and the 62% level. That's where I'd look to take initial profits.For AG stock to stay on the watch list as a momentum-style breakout candidate, I'd like to see shares remain above $9.25. If this silver stock falters, the entry is off the table and waiting for a much deeper and oversold pullback to form would make sense.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With Over 20% Upside From Current Levels * The 10 Best Stocks to Invest in for August * 6 Upcoming IPOs for August The post 3 Silver Stocks to Buy: WPM, AG and PAAS appeared first on InvestorPlace.
Frank Holmes, money manager, CEO of US Global and editor of Frank Talk, selected Wheaton Precious Metals (WPM) as his top investment idea for 2019. The stock has since risen 24%. Here's his latest update on this gold royalty streaming company.
TSX: WPM NYSE: WPM VANCOUVER, British Columbia , July 3, 2019 /PRNewswire/ -- Wheaton Precious Metals™ Corp. will release its 2019 second quarter results on Thursday, August 8, 2019 , after market close. ...
Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) and its wholly-owned subsidiary, Panoro Trading (Cayman) Ltd. (“Panoro” or the “Company”) are pleased to announce that they have received the eighth Early Deposit payment of US$750,000 as part of the Precious Metals Purchase Agreement (the “Cotabambas Early Deposit Agreement”) with Wheaton Precious Metals International Ltd. (“WPMI”), a wholly owned subsidiary of Wheaton Precious Metals Corp. (WPM) (WPM), in respect of the Cotabambas project located in Peru. The principal terms of the Cotabambas Early Deposit Agreement are as described in the Company’s press release on March 21, 2016, whereby WPMI will pay Panoro upfront cash payments totalling US$140 million for 25% of the payable gold production and 100% of the payable silver production from the Company’s Cotabambas Project in Peru.
If you're looking for exposure to precious metals to protect your portfolio's downside, Wheaton's dividend could give it the edge over peers.
Now that 15 pot stocks have made it onto the Nasdaq -- with yesterday's addition of Organigram (NASDAQ:OGI) -- smart investors are already wondering: Which will be the next cannabis company to get called up to the big leagues?Source: Shutterstock I've got my theories. But there's one factor that's almost as important as a company's ability to "uplist" to a major stock exchange …… and that's its business model.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo today I want to talk about a little-known phenomenon that's allowing tiny pot stocks to become "revenue machines."It's actually a bit of a misnomer to call them "pot stocks" at all. They're more like Royal Gold (NASDAQ:RGLD) -- one of the most profitable companies in investing history.If you're not familiar with Royal Gold, it was founded in the early 1980s by Stanley Dempsey … a man who never discovered a single ounce of gold -- but still got very wealthy from gold mining.Dempsey was a geologist, so gold mining was a natural fit. Yet after a few long months, his new company had burned through lots of money, and hit nothing but dirt. That was all just to identify a target gold deposit -- and then you add in land, labor, insurance, permits, not to mention the expensive gold mining equipment.Luckily for Royal Gold, Dempsey was also a lawyer … a clever one at that. And he saved the company by pulling an ingenious legal maneuver. Rather than spend the remaining cash on further exploration, Dempsey invested it with more knowledgeable, experienced gold miners. These seasoned pros would do the exploring. And Royal Gold would receive a cut of the proceeds.In the end, these royalty payouts became hugely lucrative:Royal Gold's first $1 million deal was for a project in northeastern Nevada. In return, the miner owed them 20% of the proceeds, for the life of the mine.In the first year, Royal Gold received $9 million. Year Two brought another $8 million. Year Three brought $12 million. All in all, $170 million has come in. That's a 16,900% return on Dempsey's original $1 million.The company is still collecting on that investment -- and many more.Naturally, the Royal Gold story brought a lot of imitators:* Franco Nevada (NYSE:FNV) is a similar business in gold royalties. Early investors could have turned $1,000 into $453,000.* Wheaton Precious Metals (NYSE:WPM) does the same thing with silver. That one's up more than 1,200% since inception.* Sabine Royalty Trust (NYSE:SBR) does it with oil. Shares enjoyed as much as a 10,200% climb, including dividends.And for these royalty companies, it's virtually all revenue -- no costs. Why Do I Tell This Story?Because when you hear all this news and chatter about marijuana, you've got to remember one thing:At the end of the day, it is not a pastime … not a lifestyle … or a "magic cure." Cannabis is a commodity.Just like coffee, for example. Coffee is a $48 billion business in the United States. But marijuana will be much larger even than that.As legalization spread from state to state, legal marijuana sales jumped 33% from 2016 to 2017 -- $10 billion that year alone. With more states and Canada legalizing recreational marijuana, sales are expected to grow by another nearly 150% by 2021.I believe marijuana could grab a lot of market share from cigarettes and alcohol. There is nobody debating the negative effects of smoking cigarettes, and the United States has a major issue with binge drinking among the younger generation. Both vices are on the downslope, and it is creating the perfect opportunity for marijuana to step into the gap.By 2030, research firm Cowen predicts, we're looking at marijuana being a $75 billion industry. That's about where cigarettes are today ($77 billion) and encroaching on beer ($110 billion). And that's just the first 15 years of this multifaceted, wide-ranging trend. So Which Stocks Do You Choose?You could go with the industry leader. And that would be Canopy Growth (NYSE:CGC), which we've had good luck with at Investment Opportunities -- up 51% in less than a year.But even in a huge megatrend like marijuana, timing is everything.And at this time, Canopy is much more expensive than the Royal Gold-like company I recommend.By contracting with early-stage marijuana companies -- who often find it difficult to secure funding -- this company is building a diverse (and extremely lucrative) revenue stream.Its revenues are expected to explode: From less than $250,000 Canadian in 2016, it's expecting nearly $150 million Canadian by 2020.The time to get in is now: This potentially major player trades at 1/40th the value of Canopy Growth. And as more of its deals bear fruit -- or leaves, in this instance -- the company is already positioned for big upside.Go here for full details on the "Royal Gold of Marijuana." I've got everything you need to know. And I can direct you exactly how to buy into this phenomenon.The key with these royalty companies is to get there first. Click here to get in on the action.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post Pot Stocks: How One Tiny Company's Revenue Could Explode appeared first on InvestorPlace.
One potential hedge against volatility and market risk is having an allocation to gold, which has historically moved in the opposite direction of equities, explains Frank Holmes, CEO of US Global Investors and editor of Frank Talk.
TSX: WPM NYSE: WPM VANCOUVER, British Columbia , May 9, 2019 /PRNewswire/ -- Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") announces that the nominees listed below were ...