WPM

NYSE · Metals & Mining

Wheaton Precious Metals Corp

Q: What does Wheaton Precious Metals Corp do?

Wheaton Precious Metals invented and perfected the streaming model in the mining industry. Rather than digging mines itself, it provides upfront capital to mining companies in exchange for the right to purchase a fixed percentage of their future gold or silver output at a predetermined low price — often well below spot market. The spread between its contracted purchase price and current gold or silver prices is its margin. This model eliminates mine operating costs, environmental liability, and most of the operational risks that make traditional mining investments volatile.

Q: Is WPM stock a good investment?

Wheaton offers leveraged exposure to gold and silver prices without the operating risks of owning mines, which makes it a distinctive position in the precious metals space. When gold prices rise, Wheaton's margins expand significantly because its purchase costs are fixed. The company maintains a strong balance sheet and has a history of growing its dividend alongside precious metal prices. The main risk is dependence on third-party mine operators whose production or operational problems can affect Wheaton's output volumes.

Q: Who are Wheaton Precious Metals Corp's main competitors?

Royal Gold and Franco-Nevada are Wheaton's closest peers in the streaming and royalty model, competing for the same deals when mining companies seek streaming financing. Osisko Gold Royalties competes primarily in Canada. The broader competitive set also includes private equity and alternative lenders that offer mining companies capital on varying terms, though few match the scale and reputation Wheaton brings to large-scale transactions.

Q: What is the current share price of WPM?

WPM is currently trading at $120.59, up 0.59% in today's session. Over the past 52 weeks, the stock has traded between a low of $96.18 and a high of $226.68. The current price represents 19% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Q: Is WPM rated a buy or sell by analysts?

Among 16 analysts covering WPM, the consensus rating is Strong Buy — 15 rate it a buy, 1 hold, and 0 sell. The average price target sits at $83.20, implying 31% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Q: What are Wheaton Precious Metals Corp's earnings?

Wheaton Precious Metals Corp generated $1.84B in revenue during fiscal year 2026, with $756.52M reaching the bottom line as net income. The net profit margin of 41.2% is strong by most industry standards.

Q: How is WPM valued compared to earnings?

WPM trades at a P/E ratio of 69.75 on trailing earnings of $2.20 per share. That's well above the S&P 500 historical average of ~20-25x, which typically signals that investors are pricing in aggressive future growth. Comparing this multiple against Metals & Mining sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

Large-Cap Stocks Blue Chip Stocks Gold & Mining Stocks Best Dividend Stocks

$120.59

+0.71 (+0.59%)

Day Range $116.37 — $121.59

52W Range $96.18 — $226.68

Performance

1D —

1W —

1M —

3M -2.92%

6M +10.59%

1Y +58.80%

YTD +2.31%

Open$118.40

Previous Close$119.88

Day High$121.59

Day Low$116.37

52W High$226.68

52W Low$96.18

Volume—

Avg Volume923.0K

Market Cap95.34B

P/E Ratio69.75

EPS$2.20

SectorMetals & Mining

Technical Indicators

Full analysis →

SMA 50 $130.48 Below

SMA 200 $105.12 Above

RSI (14) 45.4 Neutral

Trend Golden Cross Bullish

Analyst Ratings

Strong Buy

16 analysts

15 Buy 1 Hold 0 Sell

Price Target -31.0% upside

Current
$120.59

Target
$83.20

$54.81 $83.20 avg $99.07

Key Financials

	FY 2026	FY 2025	FY 2024
Revenue	1.84B	1.80B	147.51B
Net Income	756.52M	665.88M	9.77B
Profit Margin	41.2%	39.1%	6.6%
EBITDA	889.49M	826.42M	12.56B
Free Cash Flow	—	—	9.56B
Rev Growth	+2.3%	+2.3%	+16.0%
Debt/Equity	0.00	0.00	0.51

Dividend

Dividend Yield0.46%

Annual Dividend$0.62

Payout Ratio52.7%

Frequencyannual

Ex-DividendMar 11, 2026

Pay DateMar 30, 2026

About Wheaton Precious Metals Corp

Wheaton Precious Metals Corp. is the world's largest precious metals streaming company, headquartered in Vancouver, British Columbia, Canada. The company has entered into long-term purchase agreements to acquire gold, silver, palladium, and cobalt production from mining operations in exchange for upfront payments to mining companies. Wheaton's diversified portfolio includes streaming agreements with mines located in the Americas and Europe, providing exposure to precious metals production without the operating costs and risks of mining. The company focuses on high-quality, long-life assets operated by established mining partners.

Metals & Mining Peers

Symbol	Name	Price	Change	P/E	Mkt Cap
SCCO	Southern Copper Corp	$159.88	+0.18%	29.0	125.75B
AEM	Agnico Eagle Mines Ltd	$183.49	-0.30%	20.7	126.97B
NEM	Newmont Corp	$99.02	+0.90%	15.2	107.92B
B	Barrick Mining Corp	$38.03	+0.90%	12.8	87.84B
FCX	Freeport-Mcmoran Inc	$56.48	+2.80%	38.7	85.31B
FNV	Franco-Nevada Corp	$230.71	+1.70%	53.3	67.11B

WPM News

Coeur Mining Unveils Post-Acquisition Outlook, Launches $750M Buyback

yesterday

Silver Tumbles to One-Month Low Amid Fed's Hawkish Stance, Miners Slump

6d ago

Quick Stats

Market Cap95.34B

P/E Ratio69.75

EPS$2.20

Div Yield0.46%

Volume—

SectorMetals & Mining

WPM Frequently Asked Questions

What does Wheaton Precious Metals Corp do?

Wheaton Precious Metals invented and perfected the streaming model in the mining industry. Rather than digging mines itself, it provides upfront capital to mining companies in exchange for the right to purchase a fixed percentage of their future gold or silver output at a predetermined low price — often well below spot market. The spread between its contracted purchase price and current gold or silver prices is its margin. This model eliminates mine operating costs, environmental liability, and most of the operational risks that make traditional mining investments volatile.

Is WPM stock a good investment?

Wheaton offers leveraged exposure to gold and silver prices without the operating risks of owning mines, which makes it a distinctive position in the precious metals space. When gold prices rise, Wheaton's margins expand significantly because its purchase costs are fixed. The company maintains a strong balance sheet and has a history of growing its dividend alongside precious metal prices. The main risk is dependence on third-party mine operators whose production or operational problems can affect Wheaton's output volumes.

Who are Wheaton Precious Metals Corp's main competitors?

Royal Gold and Franco-Nevada are Wheaton's closest peers in the streaming and royalty model, competing for the same deals when mining companies seek streaming financing. Osisko Gold Royalties competes primarily in Canada. The broader competitive set also includes private equity and alternative lenders that offer mining companies capital on varying terms, though few match the scale and reputation Wheaton brings to large-scale transactions.

Does Wheaton Precious Metals Corp pay dividends?

Wheaton pays a quarterly dividend tied explicitly to its operating cash flow, with a policy of distributing approximately 30% of average cash generated from operations over the previous four quarters. This means the dividend naturally adjusts higher when gold and silver prices are strong and contracts modestly when metals prices soften — a transparent, commodity-linked income stream that differs from fixed-payout peers. The yield is modest but grows meaningfully during precious metals bull markets.

What is the current share price of WPM?

WPM is currently trading at $120.59, up 0.59% in today's session. Over the past 52 weeks, the stock has traded between a low of $96.18 and a high of $226.68. The current price represents 19% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Is WPM rated a buy or sell by analysts?

Among 16 analysts covering WPM, the consensus rating is Strong Buy — 15 rate it a buy, 1 hold, and 0 sell. The average price target sits at $83.20, implying 31% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

What are Wheaton Precious Metals Corp's earnings?

Wheaton Precious Metals Corp generated $1.84B in revenue during fiscal year 2026, with $756.52M reaching the bottom line as net income. The net profit margin of 41.2% is strong by most industry standards.

How is WPM valued compared to earnings?

WPM trades at a P/E ratio of 69.75 on trailing earnings of $2.20 per share. That's well above the S&P 500 historical average of ~20-25x, which typically signals that investors are pricing in aggressive future growth. Comparing this multiple against Metals & Mining sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

What is WPM's return over the past year?

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: -2.92% (3M), +10.59% (6M), +58.80% (1Y), +2.31% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether WPM is outperforming or lagging the broader market.