At close of market on Friday, Wheaton Precious Metals Corp. (TSX:WPM) stock finished trading at +6.83%, bringing the stock price to $29.89 on the Toronto Stock Exchange. The stock price saw a low of $29.05 and a high of $30.07.
The company’s stock was traded 8,999 times with a total of 1,936,132 shares traded.
Wheaton Precious Metals Corp. has a market cap of $13.31 billion, with 445.22 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.