Wheaton Precious Metals

WPM · TORONTO

$131.23−$0.76 (−0.58%)TodayMarket closed · Oct 20, 7:58 PM ET

Prev close $131.99

WPM analyst rating

BuyConsensus of 7 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy7
Hold0
Underperform0
Sell0

12-month price target · 12 analysts

Average $187.03 (+42.5% upside)

Low: $133.83
Now: $131.23
High: $253.56

Upgrades and downgrades

The latest rating actions, newest first

WPM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 8, 2026	Maintains	Buy	$153.00 → $160.00	78%
RBC Capital	Sep 16, 2026	Maintains	Outperform	$160.00 → $165.00	49%
Scotiabank	Jul 14, 2026	Maintains	Sector Outperform	$180.00 → $175.00	69%
B of A Securities	Jul 9, 2026	Maintains	Buy	$163.00 → $145.00	60%
Jefferies	Jul 6, 2026	Maintains	Buy	$182.00 → $177.00	52%
UBS	Jun 30, 2026	Maintains	Buy	$165.00 → $150.00	78%
Scotiabank	May 14, 2026	Maintains	Sector Outperform	$178.00 → $180.00	69%
UBS	Mar 27, 2026	Upgrade	Neutral → Buy	$160.00	78%
TD Securities	Mar 16, 2026	Maintains	Buy	$164.00 → $165.00	59%
Scotiabank	Mar 16, 2026	Maintains	Sector Outperform	$175.00 → $178.00	69%

The case for and against

Updated Aug 28, 2024

Bull case

Wheaton Precious Metals Corp is positioned for robust growth, with an anticipated production increase of approximately 40% over the next five years driven by its extensive portfolio of long-term streaming agreements. The company's superior cash operating margins, in contrast to traditional mining companies, enable it to generate strong cash flow, support consistent dividend growth, and maintain financial stability during varying commodity cycles. Additionally, the scalability of Wheaton's operations, along with exploration potential on its land positions, contributes to a favorable risk profile and positions the company for sustained cash flow and production growth through new developments and strategic transactions.

Bear case

Wheaton Precious Metals Corp's stock outlook is negatively impacted by a downward adjustment in their target price, which was revised from $58 to $57 primarily due to weaker guidance for 2024 and the implementation of a 15% global minimum tax affecting their financial projections. Key risks include potential disruptions or delays in stream production across their operational portfolio, as well as significant exposure to fluctuations in commodity prices and foreign exchange rates that could diverge from current estimates. Additionally, uncertainties related to tax and mining regulations in the countries where the company operates further exacerbate the challenges faced by Wheaton Precious Metals, making it difficult to achieve their price targets.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.