Wheaton Precious Metals Stock To Retain Strength In 2022

Wheaton Precious Metals Stock To Retain Strength In 2022

The shares of Wheaton Precious Metals (NYSE: WPM) continued to trend upward as the strength in commodity prices and macroeconomic doldrums reigned in 2021. Wheaton Precious Metals is a precious metals streaming company and has long-term purchase agreements with 21 different mining operators. In 2021, the company reported 663. 4 thousand gold equivalent ounces of sales at an average price of $1, 811/ounce. With gold futures retaining strength from the recent move by Russia to peg its currency to gold, Trefis believes that WPM stock is unlikely to observe a significant downside in the near-term. Trefis highlights the historical trends in Wheaton Precious Metals' revenues across key operating segments in an interactive dashboard analysis. How did Wheaton Precious Metals perform in 2021? In 2021, Wheaton Precious Metals reported a 10% (y-o-y) growth in total revenues, largely assisted by the strength in silver prices and higher production. The coronavirus pandemic lifted the prices of precious metals in the past two years as the prolonged downturn led to expectations of slow macroeconomic recovery. Per annual filings, gold, silver, palladium, and cobalt sales account for 47%, 48%, 4%, and 1% of total revenues, respectively. Geographically, North America, Europe, and South America contribute 41%,