Wheaton Precious Metals Corp. WPM

142.92 (0.96) (0.67%) as of 25 Sep
Market cap
$65.4B
P/E
31.6×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.11%

Capital & Financial Ratios

Market Cap 65,400.00
Revenue 3,171.64
Net Income 2,050.75
Free Cash Flow (2,915.37)
Net Debt 1,869.09
Current Ratio 0.47
Debt/Equity 0.20
P/E ratio 31.62
P/S ratio 20.46
P/B ratio 6.70
Past 5Y EPS Growth 43.30%
This Y EPS Growth 57.32%
Next Y EPS Growth 6.02%
Next 5Y EPS Growth 22.15%
in millions of $

Dividends

Payout Ratio 0.44
Annual Dividend Rate 0.60
Annual Dividend Yield 1.30%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.78
0.20
0.20
0.20
2025 0.66
0.17
0.17
0.17
0.17
2024 0.62
0.16
0.16
0.16
0.16
2023 0.60
0.15
0.15
0.15
0.15
2022 0.75
0.15
0.15
0.15
0.15
0.15
2021 0.57
0.13
0.14
0.15
0.15
2020 0.42
0.10
0.10
0.10
0.12
2019 0.36
0.09
0.09
0.09
0.09
2018 0.36
0.09
0.09
0.09
0.09
2017 0.33
0.07
0.07
0.10
0.09
2016 0.21
0.05
0.05
0.05
0.06
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 547 818 1,154 100
Receivables 16 6 47 26
Inventory 1 — — —
Other 3 4 4 4
567 828 1,204 130
2023 2024 2025 Q'26
Payables 13 14 23 16
ST’ Debt — — — —
Other 12 14 22 15
26 30 155 279
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 13.56% 16.12% 29.53%
Cash Flow 16.01% 20.00% 36.84%
Earnings 0.00% 23.72% 30.05%
Book Value 7.67% 8.75% 8.96%

Revenue

Mar Jun Sep Dec Year
’26 901 929 — — —
’25 470 503 476 865 2,315
’24 297 299 308 381 1,285
’23 214 265 223 313 1,016
’22 307 303 219 236 1,065
’21 324 330 269 278 1,202
’20 255 248 307 286 1,096
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 766 650 — — —
’25 361 415 383 746 1,905
’24 219 234 254 319 1,028
’23 135 202 171 242 751
’22 211 206 154 172 743
’21 232 216 201 195 845
’20 178 152 228 208 765
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 705 (3,852) — — —
’25 265 67 234 (3) 564
’24 (232) 177 250 201 396
’23 103 161 79 (215) 128
’22 165 191 107 259 722
’21 77 155 196 26 454
’20 177 152 227 209 765
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.28 1.19 — — —
’25 0.56 0.64 0.81 1.23 3.24
’24 0.36 0.27 0.34 0.19 1.17
’23 0.25 0.31 0.26 0.37 1.19
’22 0.35 0.33 0.43 0.37 1.48
’21 0.36 0.37 0.30 0.65 1.67
’20 0.21 0.24 0.33 0.35 1.13
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
10.04 18.32 15.08 18.54 18.66 34.85 28.62 38.37 38.57 55.51

Analyst estimates 2026–2028

Powerpack
Low Price
31.35 23.06 22.87 30.90 57.89 49.10 51.91 52.76 68.64 124.30
High Price
35 38 39 39 40 44 41 42 44 47
Employees
25 22 20 22 27 27 26 24 29 49
Revenue/Emp
892 843 794 861 1,096 1,202 1,065 1,016 1,285 2,315
Revenue
36.84% 39.97% 37.27% 40.16% 53.42% 54.83% 53.09% 56.44% 62.48% 72.22%
Gross Margin
194 57 443 77 505 755 670 539 644 1,698
EBT
21.74% 6.74% 55.79% 8.95% 46.10% 62.80% 62.87% 53.05% 50.16% 73.36%
EBT Margin
195 58 427 86 508 755 669 538 529 1,472
Net Income
310 263 253 259 246 257 234 216 248 305
Depreciation
2.07 1.91 1.79 1.93 2.44 2.67 2.36 2.24 2.83 5.10
Revenue/Sh
0.45 0.13 0.96 0.19 1.13 1.68 1.48 1.19 1.17 3.24
Earnings/Sh
1.36 1.22 1.08 1.12 1.71 1.88 1.65 1.66 2.27 4.20
Cash Flow/Sh
(1.87) 0.00 (2.03) 0.02 0.00 (0.87) (0.05) (1.37) (1.39) (2.96)
Capex/Sh
(0.51) 1.22 (0.95) 1.14 1.71 1.01 1.60 0.28 0.87 1.24
Free CF/Sh
11.48 11.09 11.66 11.94 12.74 13.88 14.88 15.43 16.01 19.15
Book Value/Sh
430 442 443 446 449 450 452 453 453 454
Shares
44.04 171.54 20.24 156.58 36.94 25.55 27.23 40.70 48.48 36.27
PE Ratio
9.57 11.69 10.91 15.41 17.08 16.08 17.20 21.58 19.85 23.05
PS Ratio
1.73 2.01 1.67 2.49 3.28 3.09 2.73 3.14 3.51 6.14
PB Ratio
10.77 12.48 12.40 16.30 17.09 15.90 16.55 21.05 19.22 22.55
EV/Sales
(43.60) 19.56 (23.32) 27.59 24.48 42.07 24.42 161.21 61.83 92.61
EV/FCF
584 539 477 502 765 845 743 751 1,028 1,905
Op' Cash Flow
(805) (1) (900) 7 0 (391) (22) (623) (631) (1,341)
Capex
(220) 538 (422) 509 765 454 722 128 396 564
FCF
109 91 51 90 171 220 689 541 799 1,049
Working Cap'
1,193 770 1,264 875 195 2 1 — — —
Total Debt
1,069 671 1,188 771 2 (224) (695) (547) (818) (1,154)
Net Debt
4,940 4,900 5,172 5,326 5,715 6,250 6,718 6,986 7,259 8,691
Sh' Equity
3.31% 0.97% 7.03% 1.35% 8.30% 12.32% 10.25% 7.80% 7.32% 17.78%
ROA
3.06% 3.39% 2.40% 2.99% 5.68% 6.20% 5.22% 4.90% 7.08% 13.12%
ROIC
4.29% 1.17% 8.48% 1.64% 9.20% 12.62% 10.32% 7.85% 7.43% 18.45%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Wheaton Precious Metals Corp. peers in Gold

All 37 Gold stocks →

Wheaton Precious Metals Corp. (WPM) key facts

  • Wheaton Precious Metals Corp. (WPM) is a Gold company in the Basic Materials sector, listed on the New York Stock Exchange.
  • Wheaton Precious Metals Corp.’s revenue for fiscal 2025 (year ended December 2025) was CAD 2.3 billion, up 80.2% from fiscal 2024.
  • Net income was CAD 1.5 billion, or CAD 3.24 per share (basic), a net margin of 63.6%.
  • As of September 25, 2026, WPM traded at $142.92, a market capitalization of $65.4 billion.
  • At that price the stock trades at 31.6× trailing-twelve-month earnings and 20.5× sales.
  • Wheaton Precious Metals Corp. pays an annual dividend of $0.60 per share, a yield of 1.30%, with a payout ratio of 44.2%.
  • Return on equity was 18.5% and debt-to-equity 0.20.

Source: company filings (standardised) and stockrow calculations.

Wheaton Precious Metals Corp. (WPM) Latest News

News by impact score

Fine-tune

23 Sep

4

Wheaton Precious Metals (WPM), a precious metals streaming company, benefits from higher silver and gold prices because it buys at fixed, low costs under long-term contracts. In Q2 it paid $9.57/oz for silver and $543/oz for gold but sold the metal at $73.41 and $4,452/oz, boosting cash operating margins to $66.96/oz for silver and $4,099/oz for gold in H1 (up 139% and 56%, respectively). The dividend was raised 18% to $0.195 per share, with a payout ratio of 16%, leaving room for growth. The streaming model shields margins from mining costs and inflation, supporting higher cash flow and dividend potential as metal prices stay elevated. The piece also notes Fool Stock Advisor’s lack of a top-10 placement for WPM. Elevated margins from fixed-cost streaming model and a raised dividend point to stronger cash flow and shareholder returns, suggesting meaningful upside.

19 Sep

3

Wheaton Precious Metals Corp. nearly doubled its profits even as cash holdings fell to $100 million. Doubled profits strengthen earnings outlook while cash drop to $100 million may constrain near-term flexibility.

16 Sep

4

Wheaton Precious Metals targets 50% production growth by 2030 without new capital. 50% production growth target by 2030 without new capital signals major strategic expansion for Wheaton Precious Metals.

3

Wheaton Precious Metals backs fully funded Ontario copper palladium project. Project backing adds portfolio exposure and revenue potential but remains one development among many.

11 Sep

3

Funds are attracted to Wheaton Precious Metals Corp. amid gold interest, with the stock trading around a buy point. Fund inflows and proximity to buy point signal moderate positive pressure on WPM shares.

10 Sep

3

Wheaton Precious Metals Corp. reported record revenues for the first half of 2026, raising questions about potential further gains ahead. Record revenues signal improved financial results that may lift near-term sentiment and valuation without altering long-term trajectory.

2 Sep

3

Antamina mine may increase output for Wheaton Precious Metals Corp. Antamina represents a key asset whose output changes could moderately shift Wheaton production levels.

1 Sep

3

Wheaton Precious Metals investor day event puts valuation narrative back into focus for investors. Investor day presentations deliver strategic updates that can moderately shift market sentiment around valuation.

21 Aug

4

$250 billion deficit positions Wheaton Precious Metals Corp. as low-risk play in mining supercycle. Deficit highlights WPM's advantageous positioning within mining supercycle market dynamics.

3

Wheaton Precious Metals Corp. faces scrutiny over whether it can achieve its optimistic 2026 production guidance amid operational and market factors. 2026 production guidance shapes revenue forecasts and valuation metrics for the company.

19 Aug

3

Wheaton Precious Metals stock rose 11% on positive developments affecting its precious metals streaming operations and market positioning. Stock surge reflects short-term positive momentum without evidence of fundamental long-term trajectory changes.

14 Aug

4 transcript

Wheaton Precious Metals (WPM) held its Q2 2026 earnings call covering financial results, operations and outlook. Earnings call delivers financial metrics and guidance that shift company valuation and investor sentiment.

12 Aug

4

Vale Base Metals will implement coarse particle flotation at the Salobo copper mine, increasing and accelerating projected copper production. Higher Salobo output directly expands Wheaton's future copper deliveries and revenue under its streaming agreement.

4

Vale Base Metals will implement coarse particle flotation at the Salobo mine, raising and accelerating projected copper production. Higher Salobo copper output directly increases WPM's attributable streaming volumes and revenue.

4

Vale Base Metals will implement coarse particle flotation at Salobo, raising and accelerating projected copper output. Higher Salobo copper production will increase Wheaton's attributable metal deliveries and revenues via its streaming contract.

10 Aug

4

Wheaton Precious Metals Corp. posted Q2 earnings above estimates due to higher metal prices and revenue growth. Earnings beat driven by higher prices and revenue growth signals stronger financial results that can lift stock performance and sentiment.

9 Aug

3 transcript

Wheaton Precious Metals Q2 earnings call highlights production growth, revenue from gold and silver streams, and updated guidance for the year. Q2 earnings update offers operational and financial details that may shift near-term sentiment but do not signal major strategic shifts.

7 Aug

4 transcript

Wheaton Precious Metals Corp posted record revenue in Q2 2026 earnings call highlights. Record revenue signals strong financial results that can materially lift valuation and investor outlook.

3 transcript

Wheaton Precious Metals Corp. held its Q2 2026 earnings call covering quarterly financial results, production volumes, streaming agreements, and updated guidance for precious metals operations. Quarterly earnings calls release financial metrics and guidance that can shift near-term investor sentiment and stock valuation.

6 Aug

4

Wheaton Precious Metals reports second quarter 2026 results with record year-to-date production, revenue, earnings and cash flow. Record production and financial metrics signal strong performance likely to lift investor sentiment and share price.

3

Wheaton Precious Metals reported Q2 earnings with key metrics compared against analyst estimates, covering revenue, production volumes, and streaming volumes in gold and silver. Q2 earnings metrics versus estimates directly inform near-term financial performance and investor sentiment for the company.

3

Wheaton Precious Metals Corp. reported second quarter 2026 results with record year-to-date production, revenue, earnings and cash flow. Record quarterly metrics signal stronger financial performance that may lift near-term sentiment without altering long-term trajectory.

4 Aug

3

Wheaton Precious Metals Corp. (WPM) is scheduled to report Q2 earnings, with focus on expected production volumes, revenue from streaming agreements, and effects of prevailing metal prices. Q2 earnings release will update financial performance metrics that can moderately shift investor sentiment and near-term stock valuation.

3 Aug

3

Wheaton Precious Metals' streaming model delivers inflation resistance that has shifted its investment narrative and market positioning. Inflation-resistant streaming model alters Wheaton's investment appeal and market perception.

7 Jul

3

Wheaton Precious Metals stock fell nearly 14% in June on sector headwinds and weaker precious metals prices. June share-price slump signals short-term pressure on valuation and sentiment without altering long-term fundamentals.

30 Jun

3

Silver prices reached a critical 'now or never' level. Analysis identifies Wheaton Precious Metals Corp. as potentially best positioned among miners to benefit from any rebound in the metal. Silver price level discussion may shift short-term investor sentiment toward WPM without altering company fundamentals.

17 Jun

3

Generation Mining secured senior lender credit approval for US$310 million from EDC, ING Capital, and Societe Generale. Credit approval advances a partnered development project and supports Wheaton's long-term streaming cash flows.

22 May

3

Wheaton Precious Metals advances ESG initiatives across its mining partners, pressuring the adaptability of its precious metals streaming agreements and exposing potential vulnerabilities in long-term revenue stability amid tightening sustainability demands. ESG requirements introduce operational adjustments for streaming partners that could modestly shift Wheaton's deal flow and margins over time.

18 May

4

Wheaton Precious Metals secures Antamina deal and posts record Q1 results, materially advancing its growth profile and streaming portfolio. Antamina acquisition plus record quarterly output directly strengthen long-term revenue streams and competitive position.

17 May

3

Wheaton Precious Metals Corp. raised its dividend again, supported by strengthening cash flows. Dividend increase signals stronger liquidity and may lift near-term investor sentiment without altering long-term operations.

stockrow.com/WPM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com