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Here is Why Wheaton Precious Metals (WPM) is One of the Best Canadian Stocks to Buy for Long Term

Wheaton Precious Metals Corp. (NYSE:WPM) is one of the 10 Best Canadian Stocks to Buy for Long Term.

Wheaton Precious Metals Corp. (NYSE:WPM) is one of the best Canadian stocks to buy for long term. On April 2, Wheaton Precious Metals entered into a $300 million precious metals purchase agreement with KGL Resources, marking its first-ever streaming transaction in Australia. The deal focuses on silver and gold by-product streaming from the Jervois Copper Project in the Northern Territory.

Under the terms, Wheaton will provide a $275 million upfront payment, consisting of a $32 million early deposit to support immediate development and $243 million paid in four installments as construction milestones are met. The agreement also includes a $25 million cost overrun facility to ensure project stability. This move expands Wheaton’s global portfolio into a Tier-1 mining jurisdiction where all necessary permits for development are already secured.

By funding the Jervois project, Wheaton Precious Metals Corp. (NYSE:WPM) secures long-term exposure to precious metal by-products from a site positioned to be one of Australia’s next major copper producers. The stream is tied to the Jervois tenements, and Wheaton’s technical team collaborated closely with KGL to align the funding with the project’s upcoming production phases. Additionally, Wheaton committed to supporting KGL’s financial structure through a future equity investment.

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian multinational precious metals streaming company across Europe, South America, North America, and Africa. It mainly produces and sells silver, gold, Platinum, palladium, and cobalt deposits. The company was incorporated in 2004 and is based in Vancouver, Canada.

While we acknowledge the risk and potential of WPM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WPM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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