Wheaton Precious Metals Corp. WPM
- Market cap
- $65.4B
- P/E
- 31.6×
Follow WPM
Target Price Range
Analyst price targets
Free account| 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
|
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| 31.35 | 23.06 | 22.87 | 30.90 | 57.89 | 49.10 | 51.91 | 52.76 | 68.64 | 124.30 |
High Price
|
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| 35 | 38 | 39 | 39 | 40 | 44 | 41 | 42 | 44 | 47 |
Employees
|
|||
| 25 | 22 | 20 | 22 | 27 | 27 | 26 | 24 | 29 | 49 |
Revenue/Emp
|
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| 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
|
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| 194 | 57 | 443 | 77 | 505 | 755 | 670 | 539 | 644 | 1,698 |
EBT
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| 21.74% | 6.74% | 55.79% | 8.95% | 46.10% | 62.80% | 62.87% | 53.05% | 50.16% | 73.36% |
EBT Margin
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| 195 | 58 | 427 | 86 | 508 | 755 | 669 | 538 | 529 | 1,472 |
Net Income
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| 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
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| 0.45 | 0.13 | 0.96 | 0.19 | 1.13 | 1.68 | 1.48 | 1.19 | 1.17 | 3.24 |
Earnings/Sh
|
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| 1.36 | 1.22 | 1.08 | 1.12 | 1.71 | 1.88 | 1.65 | 1.66 | 2.27 | 4.20 |
Cash Flow/Sh
|
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| (1.87) | 0.00 | (2.03) | 0.02 | 0.00 | (0.87) | (0.05) | (1.37) | (1.39) | (2.96) |
Capex/Sh
|
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| (0.51) | 1.22 | (0.95) | 1.14 | 1.71 | 1.01 | 1.60 | 0.28 | 0.87 | 1.24 |
Free CF/Sh
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| 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
|
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| 9.57 | 11.69 | 10.91 | 15.41 | 17.08 | 16.08 | 17.20 | 21.58 | 19.85 | 23.05 |
PS Ratio
|
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| 1.73 | 2.01 | 1.67 | 2.49 | 3.28 | 3.09 | 2.73 | 3.14 | 3.51 | 6.14 |
PB Ratio
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| 10.77 | 12.48 | 12.40 | 16.30 | 17.09 | 15.90 | 16.55 | 21.05 | 19.22 | 22.55 |
EV/Sales
|
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| (43.60) | 19.56 | (23.32) | 27.59 | 24.48 | 42.07 | 24.42 | 161.21 | 61.83 | 92.61 |
EV/FCF
|
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| 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
|
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| 109 | 91 | 51 | 90 | 171 | 220 | 689 | 541 | 799 | 1,049 |
Working Cap'
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| 1,193 | 770 | 1,264 | 875 | 195 | 2 | 1 | — | — | — |
Total Debt
|
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| 1,069 | 671 | 1,188 | 771 | 2 | (224) | (695) | (547) | (818) | (1,154) |
Net Debt
|
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| 4,940 | 4,900 | 5,172 | 5,326 | 5,715 | 6,250 | 6,718 | 6,986 | 7,259 | 8,691 |
Sh' Equity
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| 3.31% | 0.97% | 7.03% | 1.35% | 8.30% | 12.32% | 10.25% | 7.80% | 7.32% | 17.78% |
ROA
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| 3.06% | 3.39% | 2.40% | 2.99% | 5.68% | 6.20% | 5.22% | 4.90% | 7.08% | 13.12% |
ROIC
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| 4.29% | 1.17% | 8.48% | 1.64% | 9.20% | 12.62% | 10.32% | 7.85% | 7.43% | 18.45% |
ROE
|
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Wheaton Precious Metals Corp. peers in Gold
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| FNV Franco-Nevada Corporation | $50.1B | 33.6× | Compare |
| AU AngloGold Ashanti PLC | $49.9B | 13.2× | Compare |
| GFI Gold Fields Limited | $36.2B | 23.9× | Compare |
| NEM Newmont Corporation | $127.5B | 15.3× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| RGLD Royal Gold, Inc. | $21.4B | 27.5× | Compare |
| CDE Coeur Mining, Inc. | $19.5B | 16.2× | Compare |
| EQX Equinox Gold Corp. | $13.7B | 11.5× | Compare |
| HMY Harmony Gold Mining Company Limited | $11.8B | 58.2× | Compare |
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.
Wheaton Precious Metals Corp. (WPM) Latest News
23 Sep
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
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
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.
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
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
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
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
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
$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.
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
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
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
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.
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.
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
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
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
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.
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
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.
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.
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
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
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
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
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
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
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
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
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.