Opinions Bruce Campbell (1)
Wheaton Precious MetalsWPM.TOCOMMENTJan 03, 2017
Bruce Campbell (1)Stock price when the opinion was issued
As of Jun 08, 2026. Market Open.
You might be interested:
Still likes gold right now.
She owns ABX, WPM, and some ETFs. No longer just an inflationary story, as central banks continue to buy. Still works as a diversifier and as portfolio insurance. Tends to benefit when uncertainty rises, and she expects a lot of that for at least the next 6-8 months.
Brianne GardnerLikes the royalty names. Challenge of current environment is that the sector was at such a psychological high earlier this year. Now it needs time to work that off.
He lightened exposure in Q1. Good long-term hold, but he'd be nervous about piling in just now.
Bryden TeichThe best way to think about royalty companies is that if you're bullish on the gold price, then you probably want to own the miners themselves.
Or do you have a long-term view on gold -- you're constructive, but recognize that there are huge cycles along the way? This is where WPM fits into a diversified portfolio. A Buy today, but that's based on positive view of gold in general.
He’d be a buyer, which is really saying something because he already owns a lot of it. And despite its premium price relative to rest of the gold market. Will benefit from big transactions still ahead.
Rick RuleRoyalties, not mining. Even if gold prices become more volatile, this name is in a very strong position. Exposure to upside -- but with lower costs, more predictable margins, and less execution risk. Clean balance sheet, strong cashflow, no debt.
Sees ~56% upside, her price target is $257. Yield is 0.65%.
Brianne Gardner
As silver went parabolic in January, he reduced his position. Likely to correct for a while (~2-3 months). Still owns some plus some AEM, but sold everything else in the space. A dividend grower. Safest way to play the sector.
Near term, companies need to do some digesting. Expects another leg higher of a 3-leg, long-term bull market in precious metals.
David Burrows(Note the short timeframe.) Very strong growth plus a dividend grower. He'd buy it here today. Makes a pretty good duo with PAAS.
David Burrows
Still owns gold through ETFs. Rates 9/10 in her book. Shares enjoy a great upward trend. Continues to hold this.
Brianne Gardner
This pick is for the person who doesn't currently own anything in the space, or who is a more conservative long-term investor. By far the strongest theme in the market. He believes we're the first year into a multi-year bull market in gold, with pullbacks.
In safe jurisdictions, collecting royalty fees. Great dividend growth. About 60% gold, 40% silver. No debt. Yield is 0.82%.
David BurrowsStable, long-term cashflow. Zero debt and huge line of credit give it lots of flexibility to grow. Sees a 6.5% increase in dividend. Big projects are moving forward. Sees 4-5% upside, but she has been trimming to rebalance.
Brianne GardnerGold is almost like an insurance policy. Good diversifier. Should be a good, long-term hedge. Deposits have become harder to find.
He prefers the business model of the royalty companies like FNV or WPM. As well, they operate counter-cyclically -- give money when gold prices are low and harvest when prices are high. Always looks expensive, but it's expensive for a reason.
Both gold and silver have been under performers since the election. Higher interest rates would be perceived as a negative, because there is a bigger cost to holding on to precious metals as an alternative currency. In theory, the market is sending you a big signal that there is no short-term disaster in the economy. Those things are the negatives. There could be a further bounce if there was a 2%-3% pullback in stocks. This is one of the streamers in silver, and would be one of the ones to own. It does have a tax overhang still, which is getting close to being resolved, probably this year. If they win, he would argue that the stock will bump.