47.25 +0.16 (0.34%)
After hours: 7:31PM EDT
|Bid||47.09 x 800|
|Ask||47.35 x 1300|
|Day's Range||44.88 - 47.14|
|52 Week Range||18.66 - 47.61|
|Beta (5Y Monthly)||0.64|
|PE Ratio (TTM)||173.76|
|Forward Dividend & Yield||0.40 (0.88%)|
|Ex-Dividend Date||May 21, 2020|
|1y Target Est||46.16|
China Molybdenum Co has sold the rights to future gold and silver production from its Northparkes copper mine in Australia to a company backed by US hedge fund Elliott Management. Under the deal announced on Sunday, CMOC, which is listed in Shanghai and Hong Kong, will receive $550m in cash upfront from Triple Flag Precious Metals Corp plus ongoing payments in return for gold and silver output from the mine. The agreement between CMOC, which has a market value of $12bn, and Triple Flag is the first so-called streaming transaction involving a Chinese mining company.
Wheaton Precious Metals™ Corp. will release its 2020 second quarter results on Wednesday, August 12, 2020, after market close.
Wheaton's (WPM) wholly-owned subsidiary, Wheaton International, inks an agreement to develop the Marmato Project, which provides accretive growth opportunities for the former.
VANCOUVER, BC, June 22, 2020 /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. ("Wheaton International") has signed a non-binding term sheet with Caldas Gold Corp. ( "Caldas Gold") (CGC.V) to enter into a Precious Metals Purchase Agreement (the "Precious Metals Stream") for the Marmato Project located in Colombia . The Marmato Project comprises an operating Upper Mine and the Marmato Deeps Zone ("MDZ") development, both of which are covered by the Precious Metals Stream.
Caldas Gold Corp. (CGC.V) announced today that it has signed a non-binding term sheet to receive total cash consideration of US$110 million pursuant to a Precious Metals Purchase Agreement (the “Precious Metals Stream”) to be entered into with Wheaton Precious Metals International Ltd. (“WPMI”), a wholly-owned subsidiary of Wheaton Precious Metals™ Corp. (“Wheaton”) (TSX: WPM; NYSE: WPM). The proceeds from the Precious Metals Stream will solely be used to fund the expansion of the Company’s mining operations in the Deeps Zone (the “MDZ”) at its Marmato Project located in the Department of Caldas, Colombia.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
With nationwide protests, soaring unemployment claims, and general unease around COVID-19, investors are concerned about what lies ahead. When uncertainty grows, the price of gold usually climbs. Does this mean that investors should start buying gold bars?
Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to release its inaugural 2019 Sustainability Report, which highlights the Company's environmental, social and governance ("ESG") performance and achievements. In addition, Wheaton is providing an update on the Community Support and Response Fund ("CSR Fund") launched in April to help combat the impacts of COVID-19 on global communities. All amounts are in US dollars unless otherwise noted.
While stock market corrections are fairly common and bear markets inevitable, the current bear market is unlike anything we've ever seen before. The coronavirus disease 2019 (COVID-19) pandemic has cost more than 39 million Americans their jobs, based on initial jobless claims filed over the previous nine weeks, and at one point, it erased 34% of the value of the S&P 500 in just 33 calendar days. As an investor of 21 years, I've probably followed no industry more closely than gold mining -- and without question, gold stocks have never been more compelling than they are right now.
Gold stocks rallied 122% off the March market low as gold prices surged. Here's the outlook for Barrick Gold, Kirkland Lake, Kinross and others.
Beginning in late February, we witnessed the broad-based S&P 500 endure the fastest descent into bear market territory in history -- it took a little over three weeks. Every bear market correction in history has proved to be an excellent buying opportunity for long-term-minded investors. This means that if you buy businesses with game-changing potential at a discount during a bear market, you'll be setting yourself up to make a lot of money.
Gold is a volatile commodity prone to swift and dramatic price swings, but it often does well when other investment options are souring. If that sounds like a good idea today, then take a closer look at Royal Gold (NASDAQ: RGLD), Franco-Nevada (NYSE: FNV), and Wheaton Precious Metals (NYSE: WPM). Royal Gold likes to point out that it produces a huge amount of revenue with just a tiny staff of 23 people.
Wheaton Precious Metals Corp. , is one of the largest precious metals streaming companies in the world. In this daily bar chart of WPM, below, we can see that prices have more than doubled since the March low. WPM is above the rising 50-day moving average and above the bullish 200-day line.
The global impact of COVID-19 has been unprecedented and it is far from over, but for savvy investors there may be no better time to invest in “indirect” discount gold
Franco-Nevada (FNV) suspends current-year gold equivalent ounce (GEO) sales and energy guidance on production curtailment and sluggish energy prices due to the coronavirus crisis.
Good morning, ladies and gentlemen, and thank you for participating in today's call. There can be no assurances that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.