Wheaton Precious Metals Corp. (WPM) in Vancouver, Canada, is a precious metals seller in Canada and globally. The company’s offerings include gold, silver, palladium, and cobalt deposits. In 2021, WPM reported the sale of 663.4 thousand gold equivalent ounces at $1,811 per ounce. Given Russia’s move to peg its currency to gold, the company might benefit from the strength in gold futures. WPM has experienced substantial growth over the past year, due to a surge in silver prices.
WPM’s stock has gained 8.3% over the past year and 4.9% year-to-date to close yesterday’s trading session at $45.04. It has gained 15.5% in price over the past three months. However, the stock has declined 6.7% over the past month and 8.3% over the past five days.
