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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (136567)3/13/2023 7:00:42 AM
From: Goose94Read Replies (2) of 202407
 
Wheaton Precious Metals (WPM-T) top pick from Brianne Gardner on BNN.ca Market Call Friday March 10th @ 1200ET

Wheaton Precious Metals is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. The stock offers leverage to commodity prices and exploration upside with a much lower risk profile than a traditional mining company. Given our positive view of WPM’s high-quality and diversified assets with its high-margin and scalable business model, we have a $69 target on the stock, a 30 per cent upside from here. Historically, gold represented a safe haven against inflationary pressures. While aggressive rate hikes through this tightening cycle kept downward pressure on gold, we believe 2023 will see the yellow metal have a better year. Gold tends to perform well in anticipation of lower rates, a weaker USD and the latter stages of a prolonged market selloff. WPM also has exposure to silver, which is an essential metal for both electric vehicles (EVs) and solar.

Last purchase was in February at $51.57 and before that we added some at $41.80 in November
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