Wheaton's streaming model delivers gold-price leverage with capped operating costs, providing margin expansion as bullion rises. Long-duration streams on Salobo, Penasquito and others provide diversified cash flow. Limited capex requirements mean nearly all incremental price flows to FCF. Investment-grade balance sheet allows opportunistic stream acquisitions at attractive returns.
Thesis reviewed May 29, 2026
Wheaton Precious Metals Corp. is headquartered in Canada, which is currently showing moderate signals.
🇨🇦Canada61NEUTRALView Canada risk detail →⛏Mining6WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| TECK | Teck Resources Limited | 14 | +19% | ↓59% | EARLY |
| GOLD | Barrick Gold Corporation | 14 | +11% | ↓59% | EARLY |
| SAND | Sandstorm Gold Royalties Ltd. | 14 | +10% | ↓59% | EARLY |
| NEM | Newmont Corporation | 14 | +10% | ↓59% | EARLY |
| RIO | Rio Tinto plc | 14 | +10% | ↓59% | EARLY |
| CX | CEMEX S.A.B. de C.V. | 14 | +5% | ↓59% | NEUTRAL |
| AG | First Majestic Silver Corp. | 14 | +13% | ↓59% | EARLY |
Investors who hold WPM may also have indirect exposure through these country funds.
Streaming margins expand to 78% as gold rises faster than costs
Wheaton signs new $1B stream on Marmato in Colombia
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Thomas H. KeanNJ | Buy | $1k–$15k | Jun 4, 26 | ||
| Brian BabinTX | R | Sell | Unknown amount | May 5, 26 | |
| Gilbert CisnerosCA | D | Buy | Unknown amount | Jan 27, 26 |