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Recommendations
Wheaton Precious Metals price target lowered to C$68 from C$70 at Canaccord » 12:56
08/12/22
08/12
12:56
08/12/22
12:56
WPM

Wheaton Precious Metals

$33.91 /

+0.29 (+0.86%)

Canaccord analyst Carey…

Canaccord analyst Carey MacRury lowered the firm's price target on Wheaton Precious Metals to C$68 from C$70 and keeps a Buy rating on the shares.

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WPM Wheaton Precious Metals
$33.91 /

+0.29 (+0.86%)

WPM Wheaton Precious Metals
$33.91 /

+0.29 (+0.86%)

08/12/22 Canaccord
Wheaton Precious Metals price target lowered to C$70 from C$71 at Canaccord
08/05/22 Raymond James
Wheaton Precious Metals price target lowered to $54 from $55 at Raymond James
07/21/22 National Bank
Wheaton Precious Metals price target lowered to C$70 from C$75 at National Bank
07/20/22 Stifel
Wheaton Precious Metals price target lowered to C$66.50 from C$71 at Stifel
WPM Wheaton Precious Metals
$33.91 /

+0.29 (+0.86%)

WPM Wheaton Precious Metals
$33.91 /

+0.29 (+0.86%)

Recommendations
Wheaton Precious Metals price target lowered to C$70 from C$71 at Canaccord » 12:55
08/12/22
08/12
12:55
08/12/22
12:55
WPM

Wheaton Precious Metals

$33.91 /

+0.29 (+0.86%)

Canaccord analyst Carey…

Canaccord analyst Carey MacRury lowered the firm's price target on Wheaton Precious Metals to C$70 from C$71 and keeps a Buy rating on the shares.

ShowHide Related Items >><<
WPM Wheaton Precious Metals
$33.91 /

+0.29 (+0.86%)

WPM Wheaton Precious Metals
$33.91 /

+0.29 (+0.86%)

08/05/22 Raymond James
Wheaton Precious Metals price target lowered to $54 from $55 at Raymond James
07/21/22 National Bank
Wheaton Precious Metals price target lowered to C$70 from C$75 at National Bank
07/20/22 Stifel
Wheaton Precious Metals price target lowered to C$66.50 from C$71 at Stifel
07/19/22 Barclays
Wheaton Precious Metals price target lowered to $41 from $49 at Barclays
WPM Wheaton Precious Metals
$33.91 /

+0.29 (+0.86%)

WPM Wheaton Precious Metals
$33.91 /

+0.29 (+0.86%)

Thursday
Earnings
Wheaton Precious Metals reports Q2 adjusted EPS 33.1c vs 35.9c last year » 17:15
08/11/22
08/11
17:15
08/11/22
17:15
WPM

Wheaton Precious Metals

$33.63 /

-1.065 (-3.07%)

Reports Q2 revenue $303M,…

Reports Q2 revenue $303M, consensus $291.16M. "Throughout the first half of 2022, we have focused on optimizing our portfolio and further enhancing our financial flexibility in order to ensure that we are well positioned to respond to accretive growth opportunities and continue creating value for our shareholders," said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. "While not without its challenges, our diverse portfolio once again delivered strong operating cash flow and an attractive dividend yield, highlighting the resiliency of the streaming model to the inflationary pressures currently being felt across the global economy. Furthermore, we are pleased with our continued progress and leadership on sustainability initiatives as highlighted in our third annual Sustainability Report."

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WPM Wheaton Precious Metals
$33.63 /

-1.065 (-3.07%)

WPM Wheaton Precious Metals
$33.63 /

-1.065 (-3.07%)

08/05/22 Raymond James
Wheaton Precious Metals price target lowered to $54 from $55 at Raymond James
07/21/22 National Bank
Wheaton Precious Metals price target lowered to C$70 from C$75 at National Bank
07/20/22 Stifel
Wheaton Precious Metals price target lowered to C$66.50 from C$71 at Stifel
07/19/22 Barclays
Wheaton Precious Metals price target lowered to $41 from $49 at Barclays
WPM Wheaton Precious Metals
$33.63 /

-1.065 (-3.07%)

WPM Wheaton Precious Metals
$33.63 /

-1.065 (-3.07%)

Over a week ago
Recommendations
Wheaton Precious Metals price target lowered to $54 from $55 at Raymond James » 12:50
08/05/22
08/05
12:50
08/05/22
12:50
WPM

Wheaton Precious Metals

$33.23 /

-0.525 (-1.56%)

Raymond James analyst…

Raymond James analyst Brian MacArthur lowered the firm's price target on Wheaton Precious Metals to $54 from $55 and keeps an Outperform rating on the shares.

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WPM Wheaton Precious Metals
$33.23 /

-0.525 (-1.56%)

WPM Wheaton Precious Metals
$33.23 /

-0.525 (-1.56%)

07/21/22 National Bank
Wheaton Precious Metals price target lowered to C$70 from C$75 at National Bank
07/20/22 Stifel
Wheaton Precious Metals price target lowered to C$66.50 from C$71 at Stifel
07/19/22 Barclays
Wheaton Precious Metals price target lowered to $41 from $49 at Barclays
04/21/22 Barclays
Wheaton Precious Metals price target raised to $49 from $45 at Barclays
WPM Wheaton Precious Metals
$33.23 /

-0.525 (-1.56%)

WPM Wheaton Precious Metals
$33.23 /

-0.525 (-1.56%)

Recommendations
Wheaton Precious Metals price target lowered to C$70 from C$75 at National Bank » 13:39
07/21/22
07/21
13:39
07/21/22
13:39
WPM

Wheaton Precious Metals

$32.77 /

+0.475 (+1.47%)

National Bank analyst…

National Bank analyst John Sclodnick lowered the firm's price target on Wheaton Precious Metals to C$70 from C$75 and keeps an Outperform rating on the shares.

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WPM Wheaton Precious Metals
$32.77 /

+0.475 (+1.47%)

WPM Wheaton Precious Metals
$32.77 /

+0.475 (+1.47%)

07/20/22 Stifel
Wheaton Precious Metals price target lowered to C$66.50 from C$71 at Stifel
07/19/22 Barclays
Wheaton Precious Metals price target lowered to $41 from $49 at Barclays
04/21/22 Barclays
Wheaton Precious Metals price target raised to $49 from $45 at Barclays
04/20/22 National Bank
Wheaton Precious Metals price target raised to C$75 from C$68 at National Bank
WPM Wheaton Precious Metals
$32.77 /

+0.475 (+1.47%)

WPM Wheaton Precious Metals
$32.77 /

+0.475 (+1.47%)

Recommendations
Wheaton Precious Metals price target lowered to C$66.50 from C$71 at Stifel » 12:03
07/20/22
07/20
12:03
07/20/22
12:03
WPM

Wheaton Precious Metals

$33.00 /

-1 (-2.94%)

Stifel analyst Ingrid…

Stifel analyst Ingrid Rico lowered the firm's price target on Wheaton Precious Metals to C$66.50 from C$71 and keeps a Buy rating on the shares.

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WPM Wheaton Precious Metals
$33.00 /

-1 (-2.94%)

WPM Wheaton Precious Metals
$33.00 /

-1 (-2.94%)

07/19/22 Barclays
Wheaton Precious Metals price target lowered to $41 from $49 at Barclays
04/21/22 Barclays
Wheaton Precious Metals price target raised to $49 from $45 at Barclays
04/20/22 National Bank
Wheaton Precious Metals price target raised to C$75 from C$68 at National Bank
04/19/22 KeyBanc
Wheaton Precious Metals price target raised to $56 from $46 at KeyBanc
WPM Wheaton Precious Metals
$33.00 /

-1 (-2.94%)

WPM Wheaton Precious Metals
$33.00 /

-1 (-2.94%)

Recommendations
Wheaton Precious Metals price target lowered to $41 from $49 at Barclays » 06:24
07/19/22
07/19
06:24
07/19/22
06:24
WPM

Wheaton Precious Metals

$33.88 /

+0.04 (+0.12%)

Barclays analyst Matthew…

Barclays analyst Matthew Murphy lowered the firm's price target on Wheaton Precious Metals to $41 from $49 and keeps an Equal Weight rating on the shares. Copper equities are "reflecting better value at these levels," but they still face headwinds on both macro and fundamental levels, Murphy tells investors in a research note. The analyst is "becoming less negative" but he expects margin pressure to continue.

ShowHide Related Items >><<
WPM Wheaton Precious Metals
$33.88 /

+0.04 (+0.12%)

WPM Wheaton Precious Metals
$33.88 /

+0.04 (+0.12%)

04/21/22 Barclays
Wheaton Precious Metals price target raised to $49 from $45 at Barclays
04/20/22 National Bank
Wheaton Precious Metals price target raised to C$75 from C$68 at National Bank
04/19/22 KeyBanc
Wheaton Precious Metals price target raised to $56 from $46 at KeyBanc
10/12/21 Credit Suisse
Wheaton Precious Metals price target lowered to C$54 from C$58 at Credit Suisse
WPM Wheaton Precious Metals
$33.88 /

+0.04 (+0.12%)

WPM Wheaton Precious Metals
$33.88 /

+0.04 (+0.12%)

Over a month ago
Hot Stocks
Hecla Mining to acquire Alexco Resource for 47c per share » 07:06
07/05/22
07/05
07:06
07/05/22
07:06
HL

Hecla Mining

$4.01 /

+0.1 (+2.56%)

, AXU

Alexco Resource

/

+

, WPM

Wheaton Precious Metals

$37.06 /

+1.04 (+2.89%)

Hecla Mining (HL) and…

Hecla Mining (HL) and Alexco Resource (AXU) announced a definitive agreement for Hecla to acquire all of the outstanding common shares of Alexco that Hecla does not already own. Each outstanding common share of Alexco will be exchanged for 0.116 of a share of Hecla common stock implying consideration of 47c per Alexco common share and a premium of 23% based on the companies' five-day volume weighted average price on the NYSE and NYSE American on July 1. In addition, Hecla will provide interim financing to provide working capital and ensure the development and exploration at Keno Hill continues to be advanced and subscribe for additional common shares bringing its ownership stake to 9.9%. Hecla has also entered into an agreement with Wheaton Precious Metals Corporation (WPM) to terminate its silver streaming interest at Alexco's Keno Hill property in exchange for $135M of Hecla common stock conditional upon the completion of Hecla's acquisition of Alexco. The agreement provides Alexco shareholders with 0.116 of a Hecla share for each Alexco common share they hold as of the effective date of the agreement. Hecla will issue approximately 18M common shares to Alexco shareholders. Upon completion of the transactions with both WPM and Alexco, and assuming the July 1 five-day volume weighted average price of Hecla's shares of $4.13, WPM and Alexco shareholders will own approximately 5.6% and 3%, respectively, of the outstanding common shares of Hecla. The exact number of Hecla common shares to be issued to WPM will be calculated immediately before the closing date. Hecla is providing Alexco with a $30M secured loan facility and is purchasing 8,984,100 Alexco Shares at C$0.50 per share, having an aggregate value of C$4,492,050, which will result in 9.9% of Alexco Shares being held by Hecla or its affiliates. A portion of the loan will be immediately drawn and the remainder available on a revolving basis, and the use of proceeds will be for agreed upon working capital and capital expenditures purposes according to a plan jointly approved by Alexco and Hecla. The loan and share purchase are intended to provide Alexco with immediate working capital to continue development work at Keno Hill and are not conditional upon the completion of the transaction. The board of directors of Alexco and Hecla have both unanimously approved the transaction. The board of Alexco unanimously recommends that Alexco shareholders vote in favor of the transaction. Alexco's directors and officers support the transaction and have entered into customary voting support agreements with Hecla agreeing to vote their Alexco shares in favor of the transaction. WPM has also entered into a voting support agreement with Hecla to vote its Alexco shares in favor of the transaction, resulting in approximately 4.9% of Alexco's outstanding common shares being subject to voting support agreements to support the transaction. Cormark Securities provided an opinion to the Alexco board of directors that the transaction is fair from a financial point of view to Alexco shareholders as of the date of the arrangement agreement, and subject to the assumptions, limitations and qualifications in the opinion. The transaction will be implemented by a court-approved plan of arrangement under the Business Corporations Act and requires the approval of: 66 2/3% of the votes cast by the holders of Alexco's common shares, 66 2/3% of the votes cast by the affected securityholders of Alexco voting as a single class, and if applicable, a majority of the votes cast by the holders of Alexco's common shares after excluding any votes of Hecla and other persons required to be excluded under Canadian Multilateral Instrument 61-101 Protection of Minority Security Holders in special transactions, all at a special meeting. The Alexco-Hecla and WPM-Hecla transactions are each subject to applicable regulatory approvals and customary closing conditions. The agreement provides for customary deal-protection provisions, including a non-solicitation covenant on the part of Alexco, a right for Hecla to match any superior proposal and a termination fee of $10M, payable by Alexco to Hecla, under certain circumstances. It is anticipated that the special meeting will be held in September 2022 with the acquisition expected to close later that month.

ShowHide Related Items >><<
WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

AXU Alexco Resource
/

+

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

05/11/22 B. Riley
Hecla Mining price target lowered to $9 from $11 at B. Riley
05/11/22 Roth Capital
Roth Capital upgrades Hecla Mining to Buy, lowers price target to $6.25
05/11/22 Roth Capital
Hecla Mining upgraded to Buy from Neutral at Roth Capital
04/12/22 Roth Capital
Hecla Mining downgraded to Neutral from Buy at Roth Capital
AXU Alexco Resource
/

+

06/22/22 Cantor Fitzgerald
Alexco Resource downgraded to Speculative Buy from Buy at Cantor Fitzgerald
06/22/22 Alliance Global Partners
Alexco Resource price target lowered to $1.75 from $3.25 at Alliance Global Partners
10/29/21 Canaccord
Alexco Resource upgraded to Speculative Buy from Hold at Canaccord
WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

04/21/22 Barclays
Wheaton Precious Metals price target raised to $49 from $45 at Barclays
04/20/22 National Bank
Wheaton Precious Metals price target raised to C$75 from C$68 at National Bank
04/19/22 KeyBanc
Wheaton Precious Metals price target raised to $56 from $46 at KeyBanc
10/12/21 Credit Suisse
Wheaton Precious Metals price target lowered to C$54 from C$58 at Credit Suisse
WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

AXU Alexco Resource
/

+

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

Hot Stocks
Wheaton enters pact with Hecla Mining to terminate Keno Hill silver stream » 07:01
07/05/22
07/05
07:01
07/05/22
07:01
WPM

Wheaton Precious Metals

$37.06 /

+1.04 (+2.89%)

, HL

Hecla Mining

$4.01 /

+0.1 (+2.56%)

, AXU

Alexco Resource

/

+

Wheaton Precious Metals…

Wheaton Precious Metals (WPM) announced that it has entered into a definitive agreement with Hecla Mining (HL) to terminate its silver stream on Alexco Resource's (AXU) Keno Hill Silver District in the Yukon, Canada for $135M. On July 5, Hecla announced its intention to acquire Alexco through a definitive arrangement agreement, which remains subject to shareholder and regulatory approvals. The termination of the Keno Hill silver stream is conditional upon Hecla completing its announced proposed acquisition of Alexco together with other customary approvals. As consideration for the termination of the Keno Hill silver stream, Hecla will issue to Wheaton $135M of Hecla common shares. Subsequent to the closing of the termination of the Keno Hill silver stream, Wheaton will own approximately 5.6% of Hecla's issued and outstanding common shares. The exact number of Hecla common shares to be issued will be calculated immediately before the closing date. The closing of the transaction with Hecla, including the termination of the Keno hill stream, is subject to Hecla closing its acquisition of Alexco and other customary conditions.

ShowHide Related Items >><<
WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

AXU Alexco Resource
/

+

WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

04/21/22 Barclays
Wheaton Precious Metals price target raised to $49 from $45 at Barclays
04/20/22 National Bank
Wheaton Precious Metals price target raised to C$75 from C$68 at National Bank
04/19/22 KeyBanc
Wheaton Precious Metals price target raised to $56 from $46 at KeyBanc
10/12/21 Credit Suisse
Wheaton Precious Metals price target lowered to C$54 from C$58 at Credit Suisse
HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

05/11/22 B. Riley
Hecla Mining price target lowered to $9 from $11 at B. Riley
05/11/22 Roth Capital
Roth Capital upgrades Hecla Mining to Buy, lowers price target to $6.25
05/11/22 Roth Capital
Hecla Mining upgraded to Buy from Neutral at Roth Capital
04/12/22 Roth Capital
Hecla Mining downgraded to Neutral from Buy at Roth Capital
AXU Alexco Resource
/

+

06/22/22 Cantor Fitzgerald
Alexco Resource downgraded to Speculative Buy from Buy at Cantor Fitzgerald
06/22/22 Alliance Global Partners
Alexco Resource price target lowered to $1.75 from $3.25 at Alliance Global Partners
10/29/21 Canaccord
Alexco Resource upgraded to Speculative Buy from Hold at Canaccord
WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

AXU Alexco Resource
/

+

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

Hot Stocks
Hecla Mining to acquire Alexco Resource for 47c per common share » 06:34
07/05/22
07/05
06:34
07/05/22
06:34
HL

Hecla Mining

$4.01 /

+0.1 (+2.56%)

, AXU

Alexco Resource

/

+

, WPM

Wheaton Precious Metals

$37.06 /

+1.04 (+2.89%)

Hecla Mining Company (HL)…

Hecla Mining Company (HL) and Alexco Resource Corp. (AXU) are pleased to announce a definitive agreement for Hecla to acquire all of the outstanding common shares of Alexco that Hecla does not already own. Each outstanding common share of Alexco will be exchanged for 0.116 of a share of Hecla common stock implying consideration of $0.47 per Alexco common share and a premium of 23% based on the companies' 5-day volume weighted average price on the NYSE and NYSE American on July 1, 2022. In addition, Hecla will provide interim financing to provide working capital and ensure the development and exploration at Keno Hill continues to be advanced and subscribe for additional common shares bringing its ownership stake to 9.9%. Hecla has also entered into an agreement with Wheaton Precious Metals Corporation (WPM) to terminate its silver streaming interest at Alexco's Keno Hill property in exchange for $135M of Hecla common stock conditional upon the completion of Hecla's acquisition of Alexco. The agreement provides Alexco shareholders with 0.116 of a Hecla share for each Alexco common share they hold as of the effective date of the agreement. Hecla will issue approximately 18 million common shares to Alexco shareholders. Upon completion of the transactions with both WPM and Alexco, and assuming the July 1, 2022 5-day volume weighted average price of Hecla's shares of $4.13, WPM and Alexco shareholders will own approximately 5.6% and 3.0%, respectively, of the outstanding common shares of Hecla. The exact number of Hecla common shares to be issued to WPM will be calculated immediately before the closing date. Hecla is providing Alexco with a $30 million secured loan facility and is purchasing 8,984,100 Alexco Shares at C$0.50 per share, having an aggregate value of C$4,492,050, which will result in 9.9% of Alexco Shares being held by Hecla or its affiliates. A portion of the loan will be immediately drawn and the remainder available on a revolving basis, and the use of proceeds will be for agreed upon working capital and capital expenditures purposes according to a plan jointly approved by Alexco and Hecla. The loan and share purchase are intended to provide Alexco with immediate working capital to continue development work at Keno Hill and are not conditional upon the completion of the transaction. The Board of Directors of Alexco and Hecla have both unanimously approved the transaction. The Board of Directors of Alexco unanimously recommends that Alexco shareholders vote in favor of the transaction. Alexco's directors and officers support the transaction and have entered into customary voting support agreements with Hecla agreeing to vote their Alexco shares in favor of the transaction. WPM has also entered into a voting support agreement with Hecla to vote its Alexco shares in favor of the transaction, resulting in approximately 4.9% of Alexco's outstanding common shares being subject to voting support agreements to support the transaction. The transaction will be implemented by a Court-approved plan of arrangement under the Business Corporations Act and requires the approval of: 66 2/3% of the votes cast by the holders of Alexco's common shares, 66 2/3% of the votes cast by the affected securityholders of Alexco voting as a single class, and if applicable, a majority of the votes cast by the holders of Alexco's common shares after excluding any votes of Hecla and other persons required to be excluded under Canadian Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, all at a special meeting. The Alexco-Hecla and WPM-Hecla transactions are each subject to applicable regulatory approvals and customary closing conditions. The agreement provides for customary deal-protection provisions, including a non-solicitation covenant on the part of Alexco, a right for Hecla to match any superior proposal and a termination fee of $10 million, payable by Alexco to Hecla, under certain circumstances.It is anticipated that the special meeting will be held in September 2022 with the acquisition expected to close later that month.

ShowHide Related Items >><<
WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

AXU Alexco Resource
/

+

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

05/11/22 B. Riley
Hecla Mining price target lowered to $9 from $11 at B. Riley
05/11/22 Roth Capital
Roth Capital upgrades Hecla Mining to Buy, lowers price target to $6.25
05/11/22 Roth Capital
Hecla Mining upgraded to Buy from Neutral at Roth Capital
04/12/22 Roth Capital
Hecla Mining downgraded to Neutral from Buy at Roth Capital
AXU Alexco Resource
/

+

06/22/22 Cantor Fitzgerald
Alexco Resource downgraded to Speculative Buy from Buy at Cantor Fitzgerald
06/22/22 Alliance Global Partners
Alexco Resource price target lowered to $1.75 from $3.25 at Alliance Global Partners
10/29/21 Canaccord
Alexco Resource upgraded to Speculative Buy from Hold at Canaccord
WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

04/21/22 Barclays
Wheaton Precious Metals price target raised to $49 from $45 at Barclays
04/20/22 National Bank
Wheaton Precious Metals price target raised to C$75 from C$68 at National Bank
04/19/22 KeyBanc
Wheaton Precious Metals price target raised to $56 from $46 at KeyBanc
10/12/21 Credit Suisse
Wheaton Precious Metals price target lowered to C$54 from C$58 at Credit Suisse
WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

AXU Alexco Resource
/

+

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

WPM Wheaton Precious Metals
$37.06 /

+1.04 (+2.89%)

HL Hecla Mining
$4.01 /

+0.1 (+2.56%)

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