WPM Stock Analysis: Wheaton Precious Metals | NYSE
Gold | NYSE, USA | Market Cap: 66.957m USD | 12M Return: 68.2% | CA9628791027 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 246M
EPS Trend: 95.5%
Qual. Beats: 0
Rev. Trend: 97.3%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Wheaton Precious Metals Corp. (NYSE: WPM) is a Canadian precious metal streaming company headquartered in Vancouver. It provides financing to mining operators in exchange for the right to purchase a percentage of future metal output at predetermined, often below-market prices-a model that generates revenue tied to metal production volumes and market prices rather than direct mining activity. The company holds streaming agreements covering gold, silver, palladium, platinum, and cobalt with partners operating across 16 countries, including Canada, the United States, Mexico, Chile, Peru, and South Africa.
Originally founded in 2004 and listed shortly thereafter, the company operated as Silver Wheaton Corp. before rebranding to Wheaton Precious Metals Corp. in May 2017 to reflect its diversified commodity focus beyond silver. Within the Materials sector, Wheaton is classified under the Silver sub-industry and is among the largest precious metals streaming companies globally, alongside Royal Gold.
- Gold price rally lifts streaming revenue and margins
- New streaming agreements expand future production growth
- Salobo mine output growth drives gold equivalent ounce increases
| Net Income: 2.05b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.24 > 0.02 and ΔFCF/TA -33.54 > 1.0 |
| NWC/Revenue: -4.70% < 20% (prev 53.36%; Δ -58.06% < -1%) |
| CFO/TA 0.21 > 3% & CFO 2.54b > Net Income 2.05b |
| Net Debt (1.88b) to EBITDA (2.79b): 0.68 < 3 |
| Current Ratio: 0.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (455.0m) vs 12m ago 0.07% < -2% |
| Gross Margin: 77.30% > 18% (prev 67.19%; Δ 10.12% > 0.5%) |
| Asset Turnover: 31.50% > 50% (prev 20.83%; Δ 10.67% > 0%) |
| Interest Coverage Ratio: 72.94 > 6 (EBIT TTM 2.43b / Interest Expense TTM 33.4m) |
| A: -0.01 (Total Current Assets 130.2m - Total Current Liabilities 279.3m) / Total Assets 12.2b |
| B: 0.48 (Retained Earnings 5.78b / Total Assets 12.2b) |
| C: 0.24 (EBIT TTM 2.43b / Avg Total Assets 10.1b) |
| D: 3.92 (Book Value of Equity 9.69b / Total Liabilities 2.47b) |
| Altman-Z'' = 7.21 = AAA |
| DSRI: 0.88 (Receivables 26.1m/15.6m, Revenue 3.17b/1.66b) |
| GMI: 0.87 (GM 67.19% / 77.30%) |
| AQI: 0.61 (AQ_t 0.01 / AQ_t-1 0.02) |
| SGI: 1.91 (Revenue 3.17b / 1.66b) |
| TATA: -0.04 (NI 2.05b - CFO 2.54b) / TA 12.2b) |
| Beneish M = -2.83 (Cap -4..+1) = A |
As of August 23, 2026, the stock is trading at USD 157.78 with a total of 2,892,360 shares traded. Over the past week, the price has changed by +17.72%, over one month by +43.68%, over three months by +24.35% and over the past year by +68.23%.
Current recommended Stop Loss: 149.10 (which is 5.5% or 1.6 ATR below the current price).
Wheaton Precious Metals has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy WPM.
- StrongBuy: 10
- Buy: 4
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 174.6 | 10.7% |
P/E Trailing = 29.4271
P/E Forward = 26.8817
P/S = 21.1111
P/B = 6.2192
P/EG = 0.4309
Revenue TTM = 3.17b USD
EBIT TTM = 2.43b USD
EBITDA TTM = 2.79b USD
Long Term Debt = 1.97b USD (from longTermDebt, last quarter)
Short Term Debt = 1.17m USD (from shortTermDebt, last quarter)
Debt = 1.98b USD (from shortLongTermDebtTotal, last quarter) + Leases 7.47m
Net Debt = 1.88b USD (calculated: Debt 1.98b - CCE 100.2m)
Enterprise Value = 68.8b USD (67.0b + Debt 1.98b - CCE 100.2m)
Interest Coverage Ratio = 72.94 (Ebit TTM 2.43b / Interest Expense TTM 33.4m)
EV/FCF = -23.52x (Enterprise Value 68.8b / FCF TTM -2.93b)
FCF Yield = -4.25% (FCF TTM -2.93b / Enterprise Value 68.8b)
FCF Margin = -92.25% (FCF TTM -2.93b / Revenue TTM 3.17b)
Net Margin = 64.66% (Net Income TTM 2.05b / Revenue TTM 3.17b)
Gross Margin = 77.30% ((Revenue TTM 3.17b - Cost of Revenue TTM 720.0m) / Revenue TTM)
Gross Margin QoQ = 74.03% (prev 77.53%)
Tobins Q-Ratio = 5.66 (Enterprise Value 68.8b / Total Assets 12.2b)
Interest Expense / Debt = 1.68% (Interest Expense 33.4m / Debt 1.98b)
Taxrate = 14.53% (348.6m / 2.40b)
NOPAT = 2.08b (EBIT 2.43b * (1 - 14.53%))
Current Ratio = 0.47 (Total Current Assets 130.2m / Total Current Liabilities 279.3m)
Debt / Equity = 0.20 (Debt 1.98b / totalStockholderEquity, last quarter 9.69b)
Debt / EBITDA = 0.68 (Net Debt 1.88b / EBITDA 2.79b)
Debt / FCF = -0.64 (negative FCF - burning cash) (Net Debt 1.88b / FCF TTM -2.93b)
Total Stockholder Equity = 8.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 20.37% (Net Income 2.05b / Total Assets 12.2b)
RoE = 22.96% (Net Income TTM 2.05b / Total Stockholder Equity 8.93b)
RoCE = 22.33% (EBIT 2.43b / Capital Employed (Equity 8.93b + L.T.Debt 1.97b))
RoIC = 17.66% (NOPAT 2.08b / Invested Capital 11.8b)
WACC = 8.44% (E(67.0b)/V(68.9b) * Re(8.65%) + D(1.98b)/V(68.9b) * Rd(1.68%) * (1-Tc(0.15)))
Discount Rate = 8.65% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.55 | Cagr: 0.13%
[DCF] Fair Price = unknown (Cash Flow -2.93b)
EPS Correlation: 95.52 | EPS CAGR: 65.87% | SUE: 0.35 | # QB: 0
Revenue Correlation: 97.33 | Revenue CAGR: 54.42% | SUE: 0.94 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.23 | Chg30d=-6.92% | Revisions=-36% | Analysts=9
EPS current Year (2026-12-31): EPS=4.81 | Chg30d=-3.30% | Revisions=-71% | GrowthEPS=+59.4% | GrowthRev=+62.2%
EPS next Year (2027-12-31): EPS=5.06 | Chg30d=-6.90% | Revisions=-39% | GrowthEPS=+5.1% | GrowthRev=+8.2%
[Analyst] Revisions Ratio: -57% (up=7, down=30)