May 15, 2018 / 1:13 PM / a year ago

BUZZ-Wheaton Precious Metals: TD Securities resumes with 'buy'

** TD Securities resumes coverage on metals miner with ‘buy’ and PT of $30 following the company’s gold-silver mine deal in San Dimas, Mexico

** In January, WPM had entered into an agreement with miner First Majestic Silver regarding purchase of precious metals at San Dimas after FR bought the mine (

** TD Securities says the deal sent a message to the industry that WPM is a flexible partner and FM was an ideal fit for the co as it is well-funded, has experience in Mexican mines

** WPM has a strong management team and a high quality portfolio of streams that are based on low-cost assets in politically secure jurisdictions - writes Daniel Earle who is rated 3 out of 5 stars by TR StarMine for recommendation accuracy

** 11 of 12 brokerages rate stock “buy” or higher, 1 “hold”; their median PT is $27.07, a $1.07 rise in 3 months

** Up to Monday’s close, Canadian stock had risen 0.6 pct compared with a 0.4 pct decline in the S&P TSX Metals and Mining index (Reporting by Anirban Paul)

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