This Is the Streaming Stock You Didn't Know You Needed

Core Viewpoint - Wheaton Precious Metals is positioned as a unique streaming company that provides investors with a growing dividend and solid share price returns, distinct from traditional streaming stocks like Netflix [1]. Group 1: Business Model - Wheaton Precious Metals capitalizes on the natural occurrence of metals in ore, where multiple metals are often found together, such as gold with copper and silver with other base metals [3]. - The company offers upfront cash payments to mines for by-product metals that they do not focus on, creating a mutually beneficial arrangement that allows mines to access capital while offloading excess materials [4][5]. - This model generates a long-term revenue stream for mines through delivery payments, while Wheaton acquires precious metals without the need to invest in mine development [5]. Group 2: Market Performance - The prices of gold and silver have significantly increased, with gold reaching $4,300 per ounce (up 184% over the past five years) and silver at approximately $65 per ounce (up 256% in the same period), making direct investment in these metals expensive [6]. - Wheaton Precious Metals provides a more affordable way to gain exposure to gold and silver, alongside a reliable and growing dividend, resulting in substantial growth for the company [7]. - Over the past year, Wheaton has outperformed the S&P 500, returning roughly seven times its returns, indicating strong market momentum [7].