<h2>关键点</h2>
<ul>
<li>Wheaton Precious Metals 是一家流媒体和特许权使用费公司。</li>
<li>公司的收入和利润随着其销售商品的价格波动而起伏。</li>
<li>我们更看好的 10 只股票超过 Wheaton Precious Metals ›</li>
</ul>
<p><strong>Wheaton Precious Metals</strong>(NYSE: WPM) 的股价在过去一年中上涨了超过 75%。然而，在此期间也经历了 30% 的大幅下跌。投资者需要了解公司的商业模式以及全球发生的事情，然后再考虑投资这只贵金属股票。</p>
<h2>Wheaton Precious Metals 做什么？</h2>
<p>Wheaton 提前向矿工支付资金，以换取未来以折扣价格购买黄金、白银和其他金属的权利。矿工利用这笔款项投资于他们的业务。Wheaton 为贵金属支付的折扣价格锁定了利润，因为它基本上是以更高的市场价格转售这些金属。这是一笔双赢的交易，因为 Wheaton 的资金使矿工能够避免过度杠杆化他们的资产负债表。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2MzYyMC8yM18wNV8wMS1hLWhhbmQtZHJhd2luZy10d28tbGluZXMtb25lLXR3aXN0ZWQtY29tcGxleC1hbmQtY29uZnVzaW5nLWFuZC10aGUtb3RoZXItc3RyYWlnaHQtYW5kLWVhc3ktdG8tdW5kZXJzdGFuZC1fbWYtZGxvYWQuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2MzYyMC8yM18wNV8wMS1hLWhhbmQtZHJhd2luZy10d28tbGluZXMtb25lLXR3aXN0ZWQtY29tcGxleC1hbmQtY29uZnVzaW5nLWFuZC10aGUtb3RoZXItc3RyYWlnaHQtYW5kLWVhc3ktdG8tdW5kZXJzdGFuZC1fbWYtZGxvYWQuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<p>Wheaton 财务结果的关键驱动因素将是黄金和白银的价格。投资者对地缘政治和经济的担忧已经推动贵金属价格上涨一段时间，黄金和白银在 2026 年初达到了历史最高点。问题是，一些华尔街观察者担心这种上涨已经变成了投机泡沫。</p>
<h2>买新闻，卖事件？</h2>
<p>贵金属是否处于泡沫中的风险通过中东地缘政治紧张局势升级后黄金和白银价格的下跌得到了凸显。白银受到的打击尤其严重，这对 Wheaton Precious Metals 造成了很大拖累，因为它在该金属上高度集中。考虑到冲突，财富储存如黄金和白银的价值上涨似乎应该是更可能的结果。</p>
<p>白银和黄金价格已经恢复了一些，Wheaton Precious Metals 也有所回升。但全球紧张局势对该股票的影响可能并不是许多投资者所预期的。鉴于这些金属价格的反弹，未来并不像许多人希望的那样明朗。实际上，如果白银和黄金现在是投机性投资，投资者可能会出售它们以降低投资风险。即使贵金属长期以来被视为保护大市场抛售和经济不确定性的方式，这种情况也可能成立。</p>
<h2>获取贵金属敞口的好方法</h2>
<p>最终，Wheaton Precious Metals 确实受到日益加剧的地缘政治紧张局势的影响。如果你想这样做，它仍然是将贵金属敞口添加到多元化投资组合中的一种有吸引力的方式。然而，考虑到过去几年白银和黄金价格的急剧上涨，对这一投资的历史预期在当前环境下可能不再成立。额外的谨慎可能是必要的。</p>
<h2>你现在应该购买 Wheaton Precious Metals 的股票吗？</h2>
<p>在你购买 Wheaton Precious Metals 的股票之前，请考虑以下几点：</p>
<p>_Motley Fool Stock Advisor_分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 Wheaton Precious Metals 并不在其中。入选的 10 只股票在未来几年可能会产生巨大的回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 511,411 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,238,736 美元</strong>！*</p>
<p>现在，值得注意的是_Stock Advisor_的总平均回报率为 986%——相比之下，标准普尔 500 指数的回报率为 199%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回报截至 2026 年 4 月 22 日。</em></p>
<p><em>Reuben Gregg Brewer 在提到的任何股票中没有持仓。Motley Fool 在提到的任何股票中没有持仓。Motley Fool 有一项披露政策。</em></p>
<p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>

山东黄金

纽蒙特矿业

<p>威顿贵金属是一家流媒体和特许权使用费公司，尽管在某个时刻股价曾大幅下跌 30%，但在过去一年中，其股价仍上涨超过 75%。该公司的财务表现与黄金和白银的价格密切相关，而这些价格受到地缘政治紧张局势的影响。虽然贵金属传统上被视为安全投资，但关于投机泡沫的担忧已经出现。投资者被建议保持谨慎，因为威顿未被《傻瓜投资指南》列入最近的顶级股票推荐名单</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键点</h2>
</div><ul>
<li>Wheaton Precious Metals is a streaming and royalty company.</li>
<li>The company's revenues and profits rise and fall along with the price of the commodities it sells.</li>
<li>10 stocks we like better than Wheaton Precious Metals ›</li>
</ul>
<div class="lb-trans"><ul>
<li>Wheaton Precious Metals 是一家流媒体和特许权使用费公司。</li>
<li>公司的收入和利润随着其销售商品的价格波动而起伏。</li>
<li>我们更看好的 10 只股票超过 Wheaton Precious Metals ›</li>
</ul>
</div><p>Shares of <strong>Wheaton Precious Metals</strong>(NYSE: WPM) have risen by more than 75% over the past year. However, they have also experienced a huge 30% decline in between. Investors need to understand both the company's business model and what is going on in the world before stepping aboard this precious metals stock.</p>
<div class="lb-trans"><p><strong>Wheaton Precious Metals</strong>(NYSE: WPM) 的股价在过去一年中上涨了超过 75%。然而，在此期间也经历了 30% 的大幅下跌。投资者需要了解公司的商业模式以及全球发生的事情，然后再考虑投资这只贵金属股票。</p>
</div><h2>What does Wheaton Precious Metals do?</h2>
<div class="lb-trans"><h2>Wheaton Precious Metals 做什么？</h2>
</div><p>Wheaton gives miners money up front in exchange for the right to buy gold, silver, and other metals at reduced prices in the future. The miners use the payment to invest in their businesses. The reduced prices that Wheaton pays for precious metals lock in profits, since it essentially turns around and sells them at a higher market rate. It is a win-win deal, as money from Wheaton allows the miners to avoid over-leveraging their balance sheets.</p>
<div class="lb-trans"><p>Wheaton 提前向矿工支付资金，以换取未来以折扣价格购买黄金、白银和其他金属的权利。矿工利用这笔款项投资于他们的业务。Wheaton 为贵金属支付的折扣价格锁定了利润，因为它基本上是以更高的市场价格转售这些金属。这是一笔双赢的交易，因为 Wheaton 的资金使矿工能够避免过度杠杆化他们的资产负债表。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2MzYyMC8yM18wNV8wMS1hLWhhbmQtZHJhd2luZy10d28tbGluZXMtb25lLXR3aXN0ZWQtY29tcGxleC1hbmQtY29uZnVzaW5nLWFuZC10aGUtb3RoZXItc3RyYWlnaHQtYW5kLWVhc3ktdG8tdW5kZXJzdGFuZC1fbWYtZGxvYWQuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F863620%2F23_05_01-a-hand-drawing-two-lines-one-twisted-complex-and-confusing-and-the-other-straight-and-easy-to-understand-_mf-dload.jpg&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>The key driver of Wheaton's financial results is going to be the prices of gold and silver. Geopolitical and economic concerns among investors have been pushing the prices of precious metals higher for a while, with both gold and silver hitting all-time highs in early 2026. The problem is that some Wall Street watchers are worried that the advance has turned into a speculative bubble.</p>
<div class="lb-trans"><p>Wheaton 财务结果的关键驱动因素将是黄金和白银的价格。投资者对地缘政治和经济的担忧已经推动贵金属价格上涨一段时间，黄金和白银在 2026 年初达到了历史最高点。问题是，一些华尔街观察者担心这种上涨已经变成了投机泡沫。</p>
</div><h2>Buy the news and sell the event?</h2>
<div class="lb-trans"><h2>买新闻，卖事件？</h2>
</div><p>The risk that precious metals are in a bubble is highlighted by the drop in gold and silver prices that followed the flare-up of geopolitical tensions in the Middle East. Silver was particularly hard hit, which was a big drag on Wheaton Precious Metals because it is heavily focused on that metal. Given the conflict, a rise in the value of stores of wealth like gold and silver seemed as if it should have been the more likely outcome.</p>
<div class="lb-trans"><p>贵金属是否处于泡沫中的风险通过中东地缘政治紧张局势升级后黄金和白银价格的下跌得到了凸显。白银受到的打击尤其严重，这对 Wheaton Precious Metals 造成了很大拖累，因为它在该金属上高度集中。考虑到冲突，财富储存如黄金和白银的价值上涨似乎应该是更可能的结果。</p>
</div><p>Silver and gold prices have recovered some ground, as has Wheaton Precious Metals. But the effect that global tensions are having on the stock may not be what many investors anticipated. And given the rebound in the price of these metals, the future isn't as clear as many may hope. Indeed, if silver and gold are speculative investments right now, investors may sell them to reduce investment risk. That could be true even though precious metals have long been viewed as a way to protect against big market sell-offs and economic uncertainty.</p>
<div class="lb-trans"><p>白银和黄金价格已经恢复了一些，Wheaton Precious Metals 也有所回升。但全球紧张局势对该股票的影响可能并不是许多投资者所预期的。鉴于这些金属价格的反弹，未来并不像许多人希望的那样明朗。实际上，如果白银和黄金现在是投机性投资，投资者可能会出售它们以降低投资风险。即使贵金属长期以来被视为保护大市场抛售和经济不确定性的方式，这种情况也可能成立。</p>
</div><h2>A good way to get exposure to precious metals</h2>
<div class="lb-trans"><h2>获取贵金属敞口的好方法</h2>
</div><p>In the end, Wheaton Precious Metals is definitely being impacted by rising geopolitical tensions. And it remains an attractive way to add precious metals exposure to a diversified investment portfolio if that's what you want to do. However, historical expectations for this investment may not hold in the current environment, given the steep run-up in silver and gold prices over the last few years. Extra caution may be warranted.</p>
<div class="lb-trans"><p>最终，Wheaton Precious Metals 确实受到日益加剧的地缘政治紧张局势的影响。如果你想这样做，它仍然是将贵金属敞口添加到多元化投资组合中的一种有吸引力的方式。然而，考虑到过去几年白银和黄金价格的急剧上涨，对这一投资的历史预期在当前环境下可能不再成立。额外的谨慎可能是必要的。</p>
</div><h2>Should you buy stock in Wheaton Precious Metals right now?</h2>
<div class="lb-trans"><h2>你现在应该购买 Wheaton Precious Metals 的股票吗？</h2>
</div><p>Before you buy stock in Wheaton Precious Metals, consider this:</p>
<div class="lb-trans"><p>在你购买 Wheaton Precious Metals 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Wheaton Precious Metals wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p>_Motley Fool Stock Advisor_分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 Wheaton Precious Metals 并不在其中。入选的 10 只股票在未来几年可能会产生巨大的回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $511,411</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,238,736</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 511,411 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,238,736 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 986% — a market-crushing outperformance compared to 199% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在，值得注意的是_Stock Advisor_的总平均回报率为 986%——相比之下，标准普尔 500 指数的回报率为 199%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of April 22, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 4 月 22 日。</em></p>
</div><p><em>Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Reuben Gregg Brewer 在提到的任何股票中没有持仓。Motley Fool 在提到的任何股票中没有持仓。Motley Fool 有一项披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>
</div>

Have Global Tensions Affected the Price of Wheaton Precious Metal Stock?

nasdaq

Wheaton Precious

阿尼科伊格尔矿业

Gold.com

Kinross Gold

2 倍做多小型金矿指数 ETF - Direxion

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3 倍做多黄金矿业 ETN - MicroSectors

Sprott Active Gold & Silver Miners ETF

2 倍做多金矿指数 ETF - Direxion

华夏中证沪深港黄金产业股票ETF

初级黄金矿股 ETF

华夏黄金ETF

2 倍做多黄金 ETF - ProShares

英伟达

英特尔

奈飞

标普 500 指数

纳斯达克 OMX 交易所

NVIDIA Corporation

全球紧张局势是否对 Wheaton Precious 金属股票的价格产生了影响？