Stocks to Watch: Wheaton Precious Metals Corp. (TSX:WPM) Up +1.76% Friday

At close of market on Friday, Wheaton Precious Metals Corp. (TSX:WPM) stock finished trading at +1.76%, bringing the stock price to $28.31 on the Toronto Stock Exchange. The stock price saw a low of $27.87 and a high of $28.46.

The company’s stock was traded 4,262 times with a total of 837,401 shares traded.

Wheaton Precious Metals Corp. has a market cap of $12.58 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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