Stocks to Watch: Wheaton Precious Metals Corp. (TSX:WPM) Up +2.68% Friday

At close of market on Friday, Wheaton Precious Metals Corp. (TSX:WPM) stock finished trading at +2.68%, bringing the stock price to $29.47 on the Toronto Stock Exchange. The stock price saw a low of $28.83 and a high of $29.68.

The company’s stock was traded 8,752 times with a total of 1,551,689 shares traded.

Wheaton Precious Metals Corp. has a market cap of $13.09 billion, with 444.34 million shares in issue.

Wheaton Precious Metals Corp is a pure, unhedged paper proxy on silver prices with a unique business model. The company purchases silver for sale through long-term purchase contracts from counterparties. The company has long-term silver purchase contracts with over a dozen mines. The firm purchased and sold roughly 28 million silver-equivalent ounces in 2012 through its purchase sales contracts.

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